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BOP records net income of $12.54 million in Q1 2014

2014-04-29

According to Bank of Palestine BOP data for the first three months of the year, net profit before taxes reached 12,543,622 USD, compared with a net profit before taxes of 14,362,620 USD from the first three months of 2013, a net decrease of 12.7%. Total assets of the company reached 2,388,271,411 USD as of March 31^st, 2014, compared to total assets of 2,348,045,943 USD as of December 31^st, 2013, a net increase of 1.7%. Total liabilities of the company reached 2,122,416,518 USD as of March 31^st, 2014, compared to total liabilities of 2,096,026,969 USD as of December 31^st, 2013, a net increase of 1.3%. Net ownership equity of the company reached 265,854,893 USD (including 673,193 USD in Non-controlling interest) as of March 31^st, 2014, compared with a net ownership equity of 252,018,974 USD (including 631,739 USD in Non-controlling interest) as of December 31^st, 2013, a net increase of 5.5% in the first three months.