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BOP posted net income of $24.72 million in H1 2017

2017-08-14

According to the financial statements of Bank of Palestine BOP for the first half of 2017, Net profit after tax of the period reached 24,722,552 USD Compared with Net profit after tax 24,414,699 USD for 2016, a net increase in profit of 1.26%.Total assets of the company reached 4,656,357,657 USD compared with total assets of 4,118,629,230 USD at the end of year 2016, a net increase of 13.06%.Total liabilities of the company reached 4,238,156,950 USD compared with total liabilities of 3,715,054,433 USD at the end of year 2016, a net increase of 14.08%. Net ownership equity of the company reached 418,200,707 USD (Including Non-Controlling Interests of 48,988,232 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 3.62%.Noting that paid-in capital increased from 195,008,685 USD in year 2016 to 200,000,000 USD of this year,a net increase of 2.56%