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ISBK earns net income of $6.34 million in 2013

2014-02-17

According to Palestine Islamic Bank Company ( ISBK) data for year-end preliminary financial statements for year 2013, net profit after taxes reached 6,345,205 USD, compared with a net profit after taxes of 5,825,988 USD in the audited data for 2012, a net increase of 8.9%.Total assets of the company reached 501,959,570 USD as of December 31st, 2013, compared to total assets of 423,109,279 USD as of December 31st, 2012, a net increase of 18.6%. Total liabilities and unrestricted investments accounts of the bank reached 438,677,576 USD as of December 31st, 2013, compared to total liabilities and unrestricted investments accounts of 365,202,787 USD as of December 31st, 2012, a net increase of 20.1%. Net ownership equity of the company reached 63,281,994 USD as of December 31st, 2013, compared with a net ownership equity of 57,906,492 USD as of December 31st, 2012, a net increase of 9.3%.

 


 

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