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11 million dollar profits "Bank of Palestine" in 9 months

2007-10-22

 

11 million dollar profits "Bank of Palestine " in 9 months

 

 

 

Hashim Shawa said, Acting Director-General of the Bank of Palestine: that the bank had made net profits exceeded $ 11 million, during the first nine months of this year, an increase of 54% compared with the end of September 2006.

 

He said Shawa, in a press statement: that the financial statements of the bank for the third quarter of the year 2007 came as expectations, and showed the bank achieve satisfactory financial results, which showed increasing the size of deposits amounted to 27% of up to $ 612 million dollars, also showed an increase in assets, including more than 27% to exceed $ 760 million, compared with $ 602 million at the end of December 2006.

 

With regard to the Bank dealings with Israeli banks, Shawa confirmed that the transactions with Bank Hapoalim did not stop, and all banking transactions for the bank"s clients with ongoing Israeli banks, pointing to entering sufficient quantities at the end of last week to the bank"s branches in the Gaza Strip Consistent with the requirements of the clients.

 

Shawa added: The Bank of Palestine is evolving very quickly where they are working in full swing to build a large branch of the bank in the city of Nablus on land owned by the bank, also pointed out that the bank would step in the same city of Hebron to maintain that the occupation of rank first in terms of geographical spread in Palestine , pointing out that the Bank of Palestine now thirty branches and offices covering most residential areas in the Palestinian territory.

 

He noted the technological evolution of the bank and that lasting and continuous modernization of the software in the introduction of modern electronic services that meet the customer"s needs and requirements.
It is noteworthy that the Bank of Palestine first bank in Palestine poses credit and debit cards with smart cards of Visa and MasterCard, is a technical innovation newer smart cards of its kind in the world of cards.


 

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