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PIBC posts net income of $2.78 million in 9M 2017

2017-10-25

According to the financial statements of Palestine Investment Bank PIBC for the first nine months of 2017, Net profit after tax of the period reached 2,780,503 USD Compared with Net profit after tax 2,350,435 USD for 2016, a net increase in profit of 18.30%.Total assets of the company reached 395,396,513 USD compared with total assets of 352,712,692 USD at the end of year 2016, a net increase of 12.10%.Total liabilities of the company reached 305,773,803 USD compared with total liabilities of 272,673,693 USD at the end of year 2016, a net increase of 12.13%. Net ownership equity of the company reached 89,622,710 USD compared with total owner equity of 80,038,999 USD at the end of year 2016, a net increase of 11.97%.Noting that paid-in capital increased from 59,600,000 USD in year 2016 to 68,000,000 USD of this year,a net increase of 14.09%