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BOP posts net income of $22.76 million in H1 2015

2015-08-12

According to Bank of Palestine BOP’s financial statements for the first half of 2015, Net profit after tax of the period reached 22,764,002 USD Compared with Net profit after tax 18,981,198 USD for 2014, a net increase in profit of 19.93%.Total assets of the company reached 2,600,679,384 USD compared with total assets of 2,424,773,961 USD at the end of year 2014, a net increase of 7.25%.Total liabilities of the company reached 2,316,757,218 USD compared with total liabilities of 2,144,667,383 USD at the end of year 2014, a net increase of 8.02%. Net ownership equity of the company reached 283,922,166 USD (Including None-Controlling Interests of 743,463 USD) compared with total owner equity of 280,106,578 USD (Including None-Controlling Interests of 682,432 USD) at the end of year 2014, a net increase of 1.36%.Noting that paid-in capital increased from 160,000,000 USD in year 2014 to 175,000,000 USD of this year,a net increase of 9.38%