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BOP records net income of $38.54 million in 9M 2017

2017-11-01

According to the financial statements of Bank of  Palestine BOP for the first nine months of 2017, Net profit after tax of the period reached 38,541,624 USD Compared with Net profit after tax 38,190,625 USD for 2016, a net increase in profit of 0.92%.Total assets of the company reached 4,756,385,240 USD compared with total assets of 4,118,629,230 USD at the end of year 2016, a net increase of 15.48%.Total liabilities of the company reached 4,325,034,754 USD compared with total liabilities of 3,715,054,433 USD at the end of year 2016, a net increase of 16.41%. Net ownership equity of the company reached 431,350,486 USD (Including Non-Controlling Interests of 49,995,661 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 6.88%.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%.