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PCB posts net income of $0.52 million in H1 2014

2014-08-14

According to Palestine Commercial Bank Company PCB’s data for the first six months of the year, net profit after taxes reached 524,018 USD, compared with a net profit after taxes of 284,671 USD from the first six months of 2013, a net increase of 84.1%.  Total assets of the company reached 262,443,866 USD as of June 30^th, 2014, compared to total assets of 237,296,000 USD as of December 31^st, 2013, a net increase of 10.6%. Total liabilities of the company reached 233,226,361 USD as of June 30^th, 2014, compared to total liabilities of 208,870,185 USD as of December 31^st, 2013, a net increase of 11.7%. Net ownership equity of the company reached 29,217,505 USD as of June 30^th, 2014, compared with a net ownership equity of 28,425,815 USD as of December 31^st, 2013, a net increase of 2.8% in the last six months.