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BOP posts net income of $33.92 million in 9M 2019

2019-11-06

According to the financial statements of Bank of Palestine BOP for the first nine months of 2019, Net profit after tax of the period reached 33,919,970 USD Compared with Net profit after tax 38,806,676 USD for 2018, a net decrease in profit of 12.59%.Total assets of the company reached 5,131,842,540 USD compared with total assets of 4,657,182,978 USD at the end of year 2018, a net increase of 10.19%.Total liabilities of the company reached 4,705,692,499 USD compared with total liabilities of 4,240,802,430 USD at the end of year 2018, a net increase of 10.96%. Net ownership equity of the company reached 426,150,041 USD (Including Non-Controlling Interests of 52,050,672 USD) compared with total owner equity of 416,380,548 USD (Including Non-Controlling Interests of 50,184,293 USD) at the end of year 2018, a net increase of 2.35%.Noting that paid-in capital increased from 200,000,000 USD in year 2018 to 204,000,000 USD of this year, a net increase of 2.00%.