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ISBK posts net income of $1.81 million in Q1 2014

2014-04-29

According to Palestine Islamic Bank Company ISBK data for the first three months of the year, net profit after taxes  reached 1,809,453 USD, compared with a net profit after taxes of 1,443,899 USD from the first three months of 2013, a net increase of 25.3%. Total assets of the company reached 532,948,646 USD as of March 31^st, 2014, compared to total assets of 502,251,830 USD as of December 31^st, 2013, a net increase of 6.1%. Total liabilities and unrestricted investments accounts of the bank reached 467,908,291 USD as of March 31^st, 2014, compared to total liabilities and unrestricted investments accounts of 438,788,179 USD as of December 31^st, 2013, a net increase of 6.6%. Net ownership equity of the company reached 65,040,355 USD as of March 31^st, 2014, compared with a net ownership equity of 63,463,651 USD as of December 31^st, 2013, a net increase of 2.5% in the first three months.