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A press statement issued by the Palestine Securities Exchange
The Palestine Investment Bank PIBC discloses its financial statements for the 3rd quarter of 2007
The PSE received the edited financial statements for PIBC on 30/09/2007.The disclosure system gives companies a month to reveal their financial data for the 3rd quarter of this year. PIBC’s data was disclosed through an electronic system for banks which is approved by the market. It was noted that this disclosure data was not validate by the Palestinian Monetary Authority.The data received has been posted on the markets website at( www.p-s-e.com ),in conjunction with the issuance of this statement as was the distribution of data to securities companies to inform members. Data for PIBCs 3rd quarter of this year indicated a net income, before taxes, of $3,574,483 compared to $3,738,248 of last years 3rd quarter period. The total amount of assets amounted to $227,920,064 where last years 3rd quarter assets were $185,593,526.The total amount of liabilities is $167,766,780 compared to last year where it was $128,862,431.The increased net dues is $60,153,284.