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ISBK reports net income of $9.80 million in 9M 2018

2018-11-04

According to the financial statements of Palestine Islamic Bank ISBK for the first nine months of 2018, Net profit after tax of the period reached 9,803,506 USD Compared with Net profit after tax 9,644,894 USD for 2017, a net increase in profit of 1.64%.Total assets of the company reached 1,124,815,740 USD compared with total assets of 1,010,369,417 USD at the end of year 2017, a net increase of 11.33%.Total liabilities of the company reached 1,021,246,228 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 13.37%. Net ownership equity of the company reached 103,569,512 USD compared with total owner equity of 109,625,653 USD at the end of year 2017, a net decrease of 5.52%.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%