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ISBK reports net income of $6.26 million in H1 2018

2018-08-28

According to the financial statements of Palestine Islamic Bank ISBK for the first half of 2018, Net profit after tax of the period reached 6,260,246 USD Compared with Net profit after tax 6,366,025 USD for 2017, a net decrease in profit of 1.66%.Total assets of the company reached 1,070,365,693 USD compared with total assets of 1,010,369,417 USD at the end of year 2017, a net increase of 5.94%.Total liabilities of the company reached 970,274,688 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 7.71%. Net ownership equity of the company reached 100,091,005 USD compared with total owner equity of 109,625,653 USD at the end of year 2017, a net decrease of 8.70%.Noting that paid-in capital increased from 69,000,000 USD in year 2017 to 74,000,000 USD of this year,a net increase of 7.25%