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BOP reports net income of $12.35 million in Q1 2017

2017-05-02

According to the financial statements of Bank Of Palestine BOP  for Q1 2017, Net profit after tax of the period reached 12,346,175 USD Compared with Net profit after tax 10,397,246 USD for 2016, a net increase in profit of 18.74%.Total assets of the company reached 4,697,909,596 USD compared with total assets of 4,118,629,230 USD at the end of year 2016, a net increase of 14.06%.Total liabilities of the company reached 4,281,971,300 USD compared with total liabilities of 3,715,054,433 USD at the end of year 2016, a net increase of 15.25%. Net ownership equity of the company reached 415,938,296 USD (Including Non-Controlling Interests of 37,714,213 USD) compared with total owner equity of 403,574,797 USD (Including Non-Controlling Interests of 36,610,587 USD) at the end of year 2016, a net increase of 3.06%.