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PIBC records net income of $2.83 million at the end of 2014

2015-02-15

According to Palestine Investment Bank Company PIBC’s data for year-end preliminary financial statements for year 2014, net profit after tax reached 2,829,494 USD, compared with a net profit after tax of 1,958,574 USD in the audited data for 2013, a net increase of 44.5%. Total assets of the company reached 320,813,772 USD as of December 31st , 2014, compared to total assets of 288,414,977 USD as of December 31st, 2013, a net increase of 11.2%. Total liabilities of the company reached 252,203,384 USD as of December 31st , 2014, compared to total liabilities of 220,471,840 USD as of December 31st, 2013, a net increase of 14.4%. Net ownership equity of the company reached 68,610,388 USD as of December 31st , 2014, compared with a net ownership equity of 67,943,137 USD as of December 31st , 2013, a net increase of 1.0%. Furthermore, paid-in capital increased from 53,000,000 USD on December 31st , 2013 to 55,000,000 USD by December 31st , 2014, an increase of 3.8%.