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PCB reports net income of $0.66 million in Q1 2016

2016-05-03

According to Palestine Commercial bank financial statements for 1st Quarter of 2016, Net profit after tax of the period reached 659,583 USD Compared with Net profit after tax 335,395 USD for 2015, a net increase in profit of 96.66%.Total assets of the company reached 283,017,332 USD compared with total assets of 282,896,132 USD at the end of year 2015, a net increase of 0.04%.Total liabilities of the company reached 244,510,800 USD compared with total liabilities of 244,831,927 USD at the end of year 2015, a net decrease of 0.13%. Net ownership equity of the company reached 38,506,532 USD compared with total owner equity of 38,064,205 USD at the end of year 2015, a net increase of 1.16%.