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BOP reports net income of $10.40 million in Q12016

2016-04-25

According to the financial statements of Bank of Palestine BOP for Q1 2016, Net profit after tax of the period reached 10,397,246 USD Compared with Net profit after tax 9,989,049 USD for 2015, a net increase in profit of 4.09%.Total assets of the company reached 2,917,006,940 USD compared with total assets of 2,785,203,240 USD at the end of year 2015, a net increase of 4.73%.Total liabilities of the company reached 2,619,731,641 USD compared with total liabilities of 2,479,446,936 USD at the end of year 2015, a net increase of 5.65%. Net ownership equity of the company reached 297,275,299 USD (Including None-Controlling Interests of 782,317 USD) compared with total owner equity of 305,756,304 USD (Including None-Controlling Interests of 757,950 USD) at the end of year 2015, a net decrease of 2.77%.Noting that paid-in capital increased from 175,000,000 USD in year 2015 to 185,000,000 USD of this year,a net increase of 5.71%.