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PIBC records net income of $0.59 million in Q1 2016


According to the financial statements of Palestine Investment Bank PIBC for Q1 2016, Net profit after tax of the period reached 587,442 USD Compared with Net profit after tax 174,845 USD for 2015, a net increase in profit of 235.98%.Total assets of the company reached 332,984,071 USD compared with total assets of 327,770,241 USD at the end of year 2015, a net increase of 1.59%.Total liabilities of the company reached 258,949,820 USD compared with total liabilities of 254,294,770 USD at the end of year 2015, a net increase of 1.83%. Net ownership equity of the company reached 74,034,251 USD compared with total owner equity of 73,475,471 USD at the end of year 2015, a net increase of 0.76%.


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