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PCB posts net income of $0.95 million at the end of 2014

2015-02-15

According to Palestine Commercial Bank PCB’s data for year-end preliminary financial statements for year 2014, net profit after tax reached 948,953 USD, compared with a net profit after tax of 114,682 USD in the audited data for 2013, a net increase of 727.5%. Total assets of the company reached 279,417,056 USD as of December 31st , 2014, compared to total assets of 236,568,275 USD as of December 31st, 2013, a net increase of 18.1%. Total liabilities of the company reached 240,516,745 USD as of December 31st , 2014, compared to total liabilities of 208,142,460 USD as of December 31st, 2013, a net increase of 15.6%. Net ownership equity of the company reached 38,900,311 USD as of December 31st , 2014, compared with a net ownership equity of 28,425,815 USD as of December 31st , 2013, a net increase of 36.8%.