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PIBC posts net income of $1.64 million in 9M 2015

2015-10-26

According to the financial statements of Palestine Investment Bank PIBC for the first nine months of 2015, Net profit after tax of the period reached 1,639,509 USD Compared with Net profit after tax 1,610,393 USD for 2014, a net increase in profit of 1.81%.Total assets of the company reached 321,248,793 USD compared with total assets of 320,813,772 USD at the end of year 2014, a net increase of 0.14%.Total liabilities of the company reached 251,096,899 USD compared with total liabilities of 252,203,384 USD at the end of year 2014, a net decrease of 0.43%. Net ownership equity of the company reached 70,151,894 USD compared with total owner equity of 68,610,388 USD at the end of year 2014, a net increase of 2.25%.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%.