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PIBC posts net income of $3.60 million in 9M 2019

2019-10-27

According to the financial statements of Palestine Investment Bank PIBC for the first nine months of 2019, Net profit after tax of the period reached 3,601,870 USD Compared with Net profit after tax 3,501,183 USD for 2018, a net increase in profit of 2.88%.Total assets of the company reached 503,308,559 USD compared with total assets of 454,812,026 USD at the end of year 2018, a net increase of 10.66%.Total liabilities of the company reached 405,030,398 USD compared with total liabilities of 357,266,735 USD at the end of year 2018, a net increase of 13.36%. Net ownership equity of the company reached 98,278,161 USD compared with total owner equity of 97,545,291 USD at the end of year 2018, a net increase of 0.75%.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%.