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BOP posts net income of $38.19 million in 9M 2016

2016-10-31

According to the financial statements of Bank of Palestine BOP for the first nine months of 2016, Net profit after tax of the period reached 38,190,625 USD Compared with Net profit after tax 33,305,409 USD for 2015, a net increase in profit of 14.67%.Total assets of the company reached 4,253,676,432 USD compared with total assets of 2,785,203,240 USD at the end of year 2015, a net increase of 52.72%.Total liabilities of the company reached 3,867,697,642 USD compared with total liabilities of 2,479,446,936 USD at the end of year 2015, a net increase of 55.99%. Net ownership equity of the company reached 385,978,790 USD (Including Non-Controlling Interests of 35,854,436 USD) compared with total owner equity of 305,756,304 USD (Including Non-Controlling Interests of 757,950 USD) at the end of year 2015, a net increase of 26.24%.Noting that paid-in capital increased from 175,000,000 USD in year 2015 to 195,008,685 USD of this year,a net increase of 11.43%.