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ISBK records net income of $3.37 million in H1 2014

2014-08-12

According to Palestine Islamic Bank Company ISBK’s data for the first six months of the year, net profit after taxes reached 3,375,400 USD, compared with a net profit after taxes of 3,361,489 USD from the first six months of 2013, a net increase of 0.4%. Total assets of the company reached 547,261,297 USD as of June 30^th, 2014, compared to total assets of 502,251,830 USD as of December 31^st, 2013, a net increase of 9.0%. Total liabilities and unrestricted investments accounts of the bank reached 484,007,924 USD as of June 30^th, 2014, compared to total liabilities and unrestricted investments accounts of 438,788,179 USD as of December 31^st, 2013, a net increase of 10.3%. Net ownership equity of the company reached 63,253,373 USD as of June 30^th, 2014, compared with net ownership equity of 63,463,651 USD as of December 31^st, 2013, a net decrease of 0.3% in the last six months.