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PIBC records net income of $1.06 million in Q1 2019

2019-04-30

According to the financial statements of Palestine Investment Bank PIBC for the 1st Quarter of 2019, Net profit after tax of the period reached 1,062,702 USD Compared with Net profit after tax 1,284,092 USD for 2018, a net decrease in profit of 17.24%.Total assets of the company reached 462,376,678 USD compared with total assets of 454,812,026 USD at the end of year 2018, a net increase of 1.66%.Total liabilities of the company reached 363,691,102 USD compared with total liabilities of 357,266,735 USD at the end of year 2018, a net increase of 1.79%. Net ownership equity of the company reached 98,685,576 USD compared with total owner equity of 97,545,291 USD at the end of year 2018, a net increase of 1.17%.