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PIBC posts net income of $1.12 million in H1 2015


According to Palestine Investment Bank PIBC’s financial statements for the first half of 2015, Net profit after tax of the period reached 1,115,621 USD Compared with Net profit after tax 1,543,355 USD for 2014, a net decrease in profit of 27.71%.Total assets of the company reached 330,359,789 USD compared with total assets of 320,813,772 USD at the end of year 2014, a net increase of 2.98%.Total liabilities of the company reached 260,754,006 USD compared with total liabilities of 252,203,384 USD at the end of year 2014, a net increase of 3.39%. Net ownership equity of the company reached 69,605,783 USD compared with total owner equity of 68,610,388 USD at the end of year 2014, a net increase of 1.45%.Noting that paid-in capital increased from 55,000,000 USD in year 2014 to 56,300,000 USD of this year,a net increase of 2.36%.


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