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PIBC records net income of $0.17 million in Q1 2015

2015-04-19

According to Palestine Investment Bank data for the first three months of the year, net profit after taxes reached 174,845 USD, compared with a net profit after taxes of 865,953 USD from the first three months of 2014, a net decrease of 79.8%. Total assets of the company reached 311,420,684 USD as of March 31st, 2015, compared to total assets of 320,813,772 USD as of December 31st, 2014, a net decrease of 2.9%. Total liabilities of the company reached 242,529,503 USD as of March 31st, 2015, compared to total liabilities of 252,203,384 USD as of December 31st, 2014, a net decrease of 3.8%. Net ownership equity of the company reached 68,891,181 USD as of March 31st, 2015, compared with a net ownership equity of 68,610,388 USD as of December 31st, 2014, a net increase of 0.4% in the first three months.