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BOP records net income of $24.41 million in H1 2016

2016-08-21

According to the financial statements of Bank of Palestine BOP for the first half of 2016, Net profit after tax of the period reached 24,414,699 USD Compared with Net profit after tax 22,764,002 USD for 2015, a net increase in profit of 7.25%.Total assets of the company reached 3,898,220,974 USD compared with total assets of 2,785,203,240 USD at the end of year 2015, a net increase of 39.96%.Total liabilities of the company reached 3,551,997,183 USD compared with total liabilities of 2,479,446,936 USD at the end of year 2015, a net increase of 43.25%. Net ownership equity of the company reached 346,223,791 USD (Including Non-Controlling Interests of 35,056,752 USD) compared with total owner equity of 305,756,304 USD (Including Non-Controlling Interests of 757,950 USD) at the end of year 2015, a net increase of 13.24%.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%.