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ISBK posts net income of $6.02 million in H1 2016

2016-08-25

According to the financial statements of Palestine Islamic Bank ISBK for the first half of 2016, Net profit after tax of the period reached 6,019,521 USD Compared with Net profit after tax 5,083,151 USD for 2015, a net increase in profit of 18.42%. Total assets of the company reached 757,646,293 USD compared with total assets of 675,211,338 USD at the end of year 2015, a net increase of 12.21%.Total liabilities of the company reached 690,790,981 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank) compared with total liabilities of 601,905,434 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank) at the end of year 2015, a net increase of 14.76%. Net ownership equity of the company reached 74,555,312 USD compared with total owner equity of 73,305,904 USD at the end of year 2015, a net increase of 1.70%.