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BOP records net income of $53.06 million at the end of 2016

2017-02-13

According to the financial statements of Bank of Palestine BOP for the year 2016, Net profit after tax of the period reached 53,055,980 USD Compared with Net profit after tax 43,167,433 USD for 2015, a net increase in profit of 22.91%.Total assets of the company reached 4,118,629,230 USD compared with total assets of 2,785,203,240 USD at the end of year 2015, a net increase of 47.88%.Total liabilities of the company reached 3,715,054,433 USD compared with total liabilities of 2,479,446,936 USD at the end of year 2015, a net increase of 49.83%. Net ownership equity of the company reached 403,574,797 USD (Including Non-Controlling Interests of 36,610,587 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 31.99%.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%.