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PIBC reports net income of $3.40 million at the end of 2016

2017-02-15

According to the financial statements of Palestine Investment Bank PIBC for year 2016, Net profit after tax of the period reached 3,404,323 USD Compared with Net profit after tax 1,721,150 USD for 2015, a net increase in profit of 97.79%.Total assets of the company reached 352,712,692 USD compared with total assets of 327,770,241 USD at the end of year 2015, a net increase of 7.61%.Total liabilities of the company reached 272,673,693 USD compared with total liabilities of 254,294,770 USD at the end of year 2015, a net increase of 7.22%. Net ownership equity of the company reached 80,038,999 USD compared with total owner equity of 73,475,471 USD at the end of year 2015, a net increase of 8.93%.Noting that paid-in capital increased from 56,300,000 USD in year 2015 to 59,600,000 USD of this year,a net increase of 5.86%.