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PIBC posts net income of $4.34 million at the end of 2018

2019-02-17

According to the financial statements of Palestine Investment Bank PIBC for the year 2018, Net profit after tax of the period reached 4,342,324 USD Compared with Net profit after tax 3,919,258 USD for 2017, a net increase in profit of 10.79%.Total assets of the company reached 454,788,849 USD compared with total assets of 443,291,111 USD at the end of year 2017, a net increase of 2.59%.Total liabilities of the company reached 357,243,558 USD compared with total liabilities of 352,391,753 USD at the end of year 2017, a net increase of 1.37%. Net ownership equity of the company reached 97,545,291 USD compared with total owner equity of 90,899,358 USD at the end of year 2017, a net increase of 7.31%.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%

 


 

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