send to a friend by email

PIBC posts net income of $1.61 million in 9M 2014

2014-10-28

According to Palestine Investment Bank PIBC’s condensed data for the first nine months of the year, net profit after taxes reached 1,610,393 USD, compared with a net profit after taxes of 2,472,799 USD from the first nine months of 2013, a net decrease of 34.9%. Total assets of the company reached 323,788,450 USD as of September 30^th, 2014, compared to total assets of 288,414,977 USD as of December 31^st, 2013, a net increase of 12.3%. Total liabilities of the company reached 255,403,549 USD as of September 30^th, 2014, compared to total liabilities of 220,471,840 USD as of December 31^st, 2013, a net increase of 15.8%. Net ownership equity of the company reached 68,384,901 USD as of September 30^th, 2014, compared with a net ownership equity of 67,943,137 USD as of December 31^st, 2013, a net increase of 0.7% in the first nine months.