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ISBK posts net income of $3.05 million in Q1 2019

2019-04-30

According to the financial statements of Palestine Islamic Bank ISBK for the 1st Quarter of 2019, Net profit after tax of the period reached 3,046,058 USD Compared with Net profit after tax 2,672,603 USD for 2018, a net increase in profit of 13.97%.Total assets of the company reached 1,178,276,532 USD compared with total assets of 1,104,396,137 USD at the end of year 2018, a net increase of 6.69%.Total liabilities of the company reached 1,065,694,697 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 994,577,571 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2018, a net increase of 7.15%. Net ownership equity of the company reached 112,581,835 USD compared with total owner equity of 109,818,566 USD at the end of year 2018, a net increase of 2.52%.