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ISBK reports net income of $2.67 million in Q1 2018

2018-04-30

According to the financial statements of Palestine Islamic Bank ISBK for the first quarter of 2018, Net profit after tax of the period reached 2,672,603 USD Compared with Net profit after tax 3,038,790 USD for 2017, a net decrease in profit of 12.05%.Total assets of the company reached 1,062,918,522 USD compared with total assets of 1,010,369,417 USD at the end of year 2017, a net increase of 5.20%.Total liabilities of the company reached 950,723,135 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 900,743,764 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2017, a net increase of 5.54%. Net ownership equity of the company reached 112,195,387 USD compared with total owner equity of 109,625,653 USD at the end of year 2017, a net increase of 2.34%.