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PIBC reports net income of $1.72 million in 2015


According to the financial statements of Palestine Investment Bank PIBC for the year 2015, Net profit after tax of the period reached 1,721,150 USD Compared with Net profit after tax 2,829,494 USD for 2014, a net decrease in profit of 39.17%.Total assets of the company reached 327,770,241 USD compared with total assets of 320,813,772 USD at the end of year 2014, a net increase of 2.17%.Total liabilities of the company reached 254,294,770 USD compared with total liabilities of 252,203,384 USD at the end of year 2014, a net increase of 0.82%. Net ownership equity of the company reached 73,475,471 USD compared with total owner equity of 68,610,388 USD at the end of year 2014, a net increase of 7.09%.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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