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PIBC records net income of $2.47 million in H1 2018

2018-09-04

According to the financial statements of Palestine Investment Bank PIBC for the first half of 2018, Net profit after tax of the period reached 2,467,657 USD Compared with Net profit after tax 1,966,860 USD for 2017, a net increase in profit of 25.46%.Total assets of the company reached 412,435,008 USD compared with total assets of 443,291,111 USD at the end of year 2017, a net decrease of 6.96%.Total liabilities of the company reached 316,684,364 USD compared with total liabilities of 352,391,753 USD at the end of year 2017, a net decrease of 10.13%. Net ownership equity of the company reached 95,750,644 USD compared with total owner equity of 90,899,358 USD at the end of year 2017, a net increase of 5.34%.Noting that paid-in capital increased from 68,000,000 USD in year 2017 to 75,000,000 USD of this year,a net increase of 10.29%