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BOP posts net income of $40.22 million at the end of 2014

2015-02-15

According to Bank of Palestine BOP’s data for year-end preliminary financial statements for year 2014, net profit after tax reached 40,222,506 USD, compared with a net profit after tax of 40,438,831 USD in the audited data for 2013, a net decrease of 0.5%. Total assets of the company reached 2,424,773,961 USD as of December 31st , 2014, compared to total assets of 2,348,045,943 USD as of December 31st, 2013, a net increase of 3.3%. Total liabilities of the company reached 2,144,667,383 USD as of December 31st , 2014, compared to total liabilities of 2,096,026,969 USD as of December 31st, 2013, a net increase of 2.3%. Net ownership equity of the company reached 280,106,578 USD (including 682,432 USD in Non-controlling interest) as of December 31st , 2014, compared with a net ownership equity of 252,018,974 USD (including 631,739 USD in Non-controlling interest) as of December 31st , 2013, a net increase of 11.1%. Furthermore, paid-in capital increased from 150,000,000 USD on December 31st , 2013 to 160,000,000 USD by December 31st , 2014, an increase of 6.7%.