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PCB reports net income of $0.83 million in 9M 2014

2014-10-26

According to Palestine Commercial Bank Company PCB’s  data for the first nine months of the year, net profit after taxes reached 830,254 USD, compared with a net profit after taxes of 188,072 USD from the first nine months of 2013, a net increase of 341.5%. Total assets of the company reached 271,278,697 USD as of September 30^th, 2014, compared to total assets of 237,296,000 USD as of December 31^st, 2013, a net increase of 14.3%. Total liabilities of the company reached 231,562,604 USD as of September 30^th, 2014, compared to total liabilities of 208,870,185 USD as of December 31^st, 2013, a net increase of 10.9%. Net ownership equity of the company reached 39,716,093 USD as of September 30^th, 2014, compared with a net ownership equity of 28,425,815 USD as of December 31^st, 2013, a net increase of 39.7% in the first nine months.