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BOP records net income of $27.65 million in 9M 2014

2014-10-27

According to Bank of Palestine  BOP’s condensed data for the first nine months of the year, net profit after taxes reached 27,647,656 USD, compared with a net profit after taxes of 29,295,406 USD from the first nine months of 2013, a net decrease of 5.6%. Total assets of the company reached 2,498,126,207 USD as of September 30^th, 2014, compared to total assets of 2,348,045,943 USD as of December 31^st, 2013, a net increase of 6.4%. Total liabilities of the company reached 2,229,040,285 USD as of September 30^th, 2014, compared to total liabilities of 2,096,026,969 USD as of December 31^st, 2013, a net increase of 6.3%. Net ownership equity of the company reached 269,085,922 USD (including 691,433 USD in Non-controlling interest) as of September 30^th, 2014, compared with a net ownership equity of 252,018,974 USD (including 631,739 USD in Non-controlling interest) as of December 31^st, 2013, a net increase of 6.8% in the first nine months. Furthermore, paid-in capital increased from 150,000,000 USD on December 31^st, 2013 to 160,000,000 USD by September 30^th, 2014, an increase of 6.7%.