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ISBK posts net income of $12.60 million at the end of 2016

2017-02-13

According to the financial statements of Palestine Islamic Bank ISBK for the year 2016, Net profit after tax of the period reached 12,603,598 USD Compared with Net profit after tax 10,033,817 USD for 2015, a net increase in profit of 25.61%.Total assets of the company reached 809,082,569 USD compared with total assets of 675,211,338 USD at the end of year 2015, a net increase of 19.83%.Total liabilities of the company reached 713,773,730 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 18.58%. Net ownership equity of the company reached 95,308,839 USD compared with total owner equity of 73,305,904 USD at the end of year 2015, a net increase of 30.02%.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%.