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ISBK posts net income of $5.23 million in 9M 2014

2014-10-26

According to Palestine Islamic Bank ISBK’s data for the first nine months of the year, net profit after taxes reached 5,231,402 USD, compared with a net profit after taxes of 5,047,548 USD from the first nine months of 2013, a net increase of 3.6%. Total assets of the company reached 594,637,297 USD as of September 30^th, 2014, compared to total assets of 502,251,830 USD as of December 31^st, 2013, a net increase of 18.4%. Total liabilities and unrestricted investments accounts of the company reached 529,525,806 USD as of September 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 20.7%. Net ownership equity of the company reached 65,111,492 USD as of September 30^th, 2014, compared with a net ownership equity of 63,463,651 USD as of December 31^st, 2013, a net increase of 2.6% in the first nine months.