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PIBC posts net income of $2.35 million in 9M 2016

2016-10-25

According to the financial statements of Palestine Investment Bank PIBC for the first nine months of 2016, Net profit after tax of the period reached 2,350,435 USD Compared with Net profit after tax 1,639,509 USD for 2015, a net increase in profit of 43.36%.Total assets of the company reached 351,131,278 USD compared with total assets of 327,770,241 USD at the end of year 2015, a net increase of 7.13%.Total liabilities of the company reached 274,342,130 USD compared with total liabilities of 254,294,770 USD at the end of year 2015, a net increase of 7.88%. Net ownership equity of the company reached 76,789,148 USD compared with total owner equity of 73,475,471 USD at the end of year 2015, a net increase of 4.51%.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%.