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PIBC records net income of $2.37 million in H1 2019

2019-08-22

According to the financial statements of Palestine Investment Bank PIBC for the first half of 2019, Net profit after tax of the period reached 2,368,057 USD Compared with Net profit after tax 2,467,657 USD for 2018, a net decrease in profit of 4.04%.Total assets of the company reached 484,126,851 USD compared with total assets of 454,812,026 USD at the end of year 2018, a net increase of 6.45%.Total liabilities of the company reached 387,101,633 USD compared with total liabilities of 357,266,735 USD at the end of year 2018, a net increase of 8.35%. Net ownership equity of the company reached 97,025,218 USD compared with total owner equity of 97,545,291 USD at the end of year 2018, a net decrease of 0.53%.Noting that paid-in capital increased from 75,000,000 USD in year 2018 to 78,000,000 USD of this year,a net increase of 4.00%.