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ISBK records net income of $15.13 million at the end of 2018

2019-02-17

According to the financial statements of Palestine Islamic Bank ISBK for the year 2018, Net profit after tax of the period reached 15,131,604 USD Compared with Net profit after tax 14,531,138 USD for 2017, a net increase in profit of 4.13%.Total assets of the company reached 1,104,396,137 USD compared with total assets of 1,010,369,417 USD at the end of year 2017, a net increase of 9.31%.Total liabilities of the company reached 994,577,571 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 10.41%. Net ownership equity of the company reached 109,818,566 USD compared with total owner equity of 109,625,653 USD at the end of year 2017, a net increase of 0.18%.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%