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ISBK records net income of $7.52 million at the end of 2014

2015-02-15

According to Palestine Islamic Bank Company ISBK’s data for year-end preliminary financial statements for year 2014, net profit after tax reached 7,522,607 USD, compared with a net profit after tax of 6,526,862 USD in the audited data for 2013, a net increase of 15.3%.Total assets of the company reached 595,259,913 USD as of December 31st , 2014, compared to total assets of 502,251,830 USD as of December 31st, 2013, a net increase of 18.5%. Total liabilities and unrestricted investments accounts of the bank reached 527,735,241 USD as of December 31st , 2014, compared to total liabilities and unrestricted investments accounts of 438,788,179 USD as of December 31st, 2013, a net increase of 20.3%. Net ownership equity of the company reached 67,524,672 USD as of December 31st , 2014, compared with a net ownership equity of 63,463,651 USD as of December 31st , 2013, a net increase of 6.4%.