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ISBK posts net income of $3.04 million in Q1 2017

2017-05-02

According to the financial statements of Palestine Islamic Bank ISBK  for Q1 2017, Net profit after tax of the period reached 3,038,790 USD Compared with Net profit after tax 2,490,073 USD for 2016, a net increase in profit of 22.04%.Total assets of the company reached 902,292,686 USD compared with total assets of 809,082,569 USD at the end of year 2016, a net increase of 11.52%.Total liabilities of the company reached 809,147,689 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 713,773,730 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2016, a net increase of 13.36%. Net ownership equity of the company reached 93,144,997 USD compared with total owner equity of 95,308,839 USD at the end of year 2016, a net decrease of 2.27%.