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BOP records net income of $12.42 million in Q1 2018

2018-04-30

According to the financial statements of Bank of Palestine BOP for the first quarter of 2018, Net profit after tax of the period reached 12,417,912 USD Compared with Net profit after tax 12,346,175 USD for 2017, a net increase in profit of 0.58%.Total assets of the company reached 4,804,394,604 USD compared with total assets of 4,884,822,851 USD at the end of year 2017, a net decrease of 1.65%.Total liabilities of the company reached 4,368,222,146 USD compared with total liabilities of 4,434,861,164 USD at the end of year 2017, a net decrease of 1.50%. Net ownership equity of the company reached 436,172,458 USD (Including Non-Controlling Interests of 51,761,593 USD) compared with total owner equity of 449,961,687 USD (Including Non-Controlling Interests of 51,608,372 USD) at the end of year 2017, a net decrease of 3.06%.