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ISBK posts net income of $5.97 million in H1 2019

2019-08-22

According to the financial statements of Palestine Islamic Bank ISBK for the first half of 2019, Net profit after tax of the period reached 5,968,187 USD Compared with Net profit after tax 6,260,246 USD for 2018, a net decrease in profit of 4.67%.Total assets of the company reached 1,207,440,922 USD compared with total assets of 1,104,396,137 USD at the end of year 2018, a net increase of 9.33%.Total liabilities of the company reached 1,097,710,353 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 10.36%. Net ownership equity of the company reached 109,730,569 USD compared with total owner equity of 109,818,566 USD at the end of year 2018, a net decrease of 0.08%.Noting that paid-in capital increased from 74,000,000 USD in year 2018 to 77,000,000 USD of this year,a net increase of 4.05%