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PIBC reports net income of $1.28 million in the first quarter of 2018

2018-04-23

According to the financial statements of Palestine Investment Bank PIBC for the first quarter of 2018, Net profit after tax of the period reached 1,284,092 USD Compared with Net profit after tax 978,370 USD for 2017, a net increase in profit of 31.25%.Total assets of the company reached 420,253,704 USD compared with total assets of 443,291,111 USD at the end of year 2017, a net decrease of 5.20%.Total liabilities of the company reached 324,100,929 USD compared with total liabilities of 352,391,753 USD at the end of year 2017, a net decrease of 8.02%. Net ownership equity of the company reached 96,152,775 USD compared with total owner equity of 90,899,358 USD at the end of year 2017, a net increase of 5.78%.Noting that paid-in capital increased from 68,000,000 USD in year 2017 to 71,700,932 USD of this year,a net increase of 5.44%.