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ISBK reports net income of $6.37 million in H1 2017

2017-08-09

According to the financial statements of Palestine Islamic Bank ISBK for the first half of 2017, Net profit after tax of the period reached 6,366,025 USD Compared with Net profit after tax 6,019,521 USD for 2016, a net increase in profit of 5.76%.Total assets of the company reached 920,932,811 USD compared with total assets of 809,082,569 USD at the end of year 2016, a net increase of 13.82%.Total liabilities of the company reached 819,587,763 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 14.82%. Net ownership equity of the company reached 101,345,048 USD compared with total owner equity of 95,308,839 USD at the end of year 2016, a net increase of 6.33%.Noting that paid-in capital increased from 62,500,000 USD in year 2016 to 69,000,000 USD of this year, a net increase of 10.40%.