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ISBK reports net income of $2.49 million in Q1 2016

2016-04-18

According to the financial statements of Palestine Islamic Bank ISBK for Q1 2016, Net profit after tax of the period reached 2,490,073 USD Compared with Net profit after tax 2,044,058 USD for 2015, a net increase in profit of 21.82%.Total assets of the company reached 721,159,696 USD compared with total assets of 675,211,338 USD at the end of year 2015, a net increase of 6.81%.Total liabilities of the company reached 646,483,750 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 601,905,434 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2015, a net increase of 7.40%. Net ownership equity of the company reached 75,675,946 USD compared with total owner equity of 73,305,904 USD at the end of year 2015, a net increase of 3.23%.