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PIBC posts net income of $1.54 million in H1 2014

2014-08-14

According to Palestine Investment Bank Company PIBC’s data for the first six months of the year, net profit after taxes reached 1,543,355 USD, compared with a net profit after taxes of 1,362,280 USD from the first six months of 2013, a net increase of 13.3%. Total assets of the company reached 300,961,761 USD as of June 30^th, 2014, compared to total assets of 288,414,977 USD as of December 31^st, 2013, a net increase of 4.4%. Total liabilities of the company reached 232,751,193 USD as of June 30^th, 2014, compared to total liabilities of 220,471,840 USD as of December 31^st, 2013, a net increase of 5.6%. Net ownership equity of the company reached 68,210,568 USD as of June 30^th, 2014, compared with a net ownership equity of 67,943,137 USD as of December 31^st, 2013, a net increase of 0.4% in the last six months.