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ISBK posts net income of $9.43 million in 9M 2016

2016-10-31

According to the financial statements of Palestine Islamic Bank ISBK for the first nine months of 2016, Net profit after tax of the period reached 9,435,267 USD Compared with Net profit after tax 7,657,998 USD for 2015, a net increase in profit of 23.21%.Total assets of the company reached 793,440,268 USD compared with total assets of 675,211,338 USD at the end of year 2015, a net increase of 17.51%.Total liabilities of the company reached 712,397,279 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 18.35%. Net ownership equity of the company reached 91,775,639 USD compared with total owner equity of 73,305,904 USD at the end of year 2015, a net increase of 25.20%.Noting that paid-in capital increased from 50,000,000 USD in year 2015 to 62,500,000 USD of this year, a net increase of 25.00%.