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BOP posts net income of $10.78 million in Q1 2019

2019-04-25

According to the financial statements of Bank of Palestine BOP for the 1st Quarter of 2019, Net profit after tax of the period reached 10,784,284 USD Compared with Net profit after tax 12,417,912 USD for 2018, a net decrease in profit of 13.16%.Total assets of the company reached 4,856,137,611 USD compared with total assets of 4,657,182,978 USD at the end of year 2018, a net increase of 4.27%.Total liabilities of the company reached 4,452,310,251 USD compared with total liabilities of 4,240,802,430 USD at the end of year 2018, a net increase of 4.98%. Net ownership equity of the company reached 403,827,360 USD (Including Non-Controlling Interests of 49,913,239 USD) compared with total owner equity of 416,380,548 USD (Including Non-Controlling Interests of 50,184,293 USD) at the end of year 2018, a net decrease of 3.01%. Noting that paid-in capital increased from 200,000,000 USD in year 2018 to 204,000,000 USD of this year, a net increase of 2.00%.