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PIBC posts net income of $0.98 million in Q1 2017

2017-05-02

According to the financial statements of Palestine Investment Bank PIBC for Q1 2017, Net profit after tax of the period reached 978,370 USD Compared with Net profit after tax 587,442 USD for 2016, a net increase in profit of 66.55%.Total assets of the company reached 431,027,479 USD compared with total assets of 352,712,692 USD at the end of year 2016, a net increase of 22.20%.Total liabilities of the company reached 350,010,110 USD compared with total liabilities of 272,673,693 USD at the end of year 2016, a net increase of 28.36%. Net ownership equity of the company reached 81,017,369 USD compared with total owner equity of 80,038,999 USD at the end of year 2016, a net increase of 1.22%.