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PIBC reports net income of $3.91 million at the end of 2017

2018-02-19

According to the financial statements of Palestine Investment Bank PIBC for the year 2017, Net profit after tax of the period reached 3,919,258 USD Compared with Net profit after tax 3,388,202 USD for 2016, a net increase in profit of 15.67%.Total assets of the company reached 443,291,111 USD compared with total assets of 352,712,692 USD at the end of year 2016, a net increase of 25.68%.Total liabilities of the company reached 352,391,753 USD compared with total liabilities of 272,673,693 USD at the end of year 2016, a net increase of 29.23%. Net ownership equity of the company reached 90,899,358 USD compared with total owner equity of 80,038,999 USD at the end of year 2016, a net increase of 13.57%.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%