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PIBC posts net income of $1.43 million in H1 2016


According to the financial statements of Palestine Investment Bank PIBC for the first half of 2016, Net profit after tax of the period reached 1,425,596 USD Compared with Net profit after tax 1,115,621 USD for 2015, a net increase in profit of 27.79%.Total assets of the company reached 343,036,867 USD compared with total assets of 327,770,241 USD at the end of year 2015, a net increase of 4.66%.Total liabilities of the company reached 267,287,146 USD compared with total liabilities of 254,294,770 USD at the end of year 2015, a net increase of 5.10%. Net ownership equity of the company reached 75,749,721 USD compared with total owner equity of 73,475,471 USD at the end of year 2015, a net increase of 3.10%.Noting that paid-in capital increased from 56,300,000 USD in year 2015 to 57,300,000 USD of this year ,a net increase of 1.78%.


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