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BOP reports net income of $54.00 million at the end of 2017

2018-02-05

According to the financial statements of Bank of Palestine BOP FY 2017, Net profit after tax of the period reached 54,008,928 USD Compared with Net profit after tax 53,055,980 USD for 2016, a net increase in profit of 1.80%.Total assets of the company reached 4,884,822,851 USD compared with total assets of 4,118,629,230 USD at the end of year 2016, a net increase of 18.60%.Total liabilities of the company reached 4,434,861,164 USD compared with total liabilities of 3,715,054,433 USD at the end of year 2016, a net increase of 19.37%. Net ownership equity of the company reached 449,961,687 USD (Including Non-Controlling Interests of 51,608,372 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 11.49%.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%.