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BOP records net income of $38.94 million in 2019


According to the financial statements of Bank of Palestine BOP for the year 2019, Net profit after tax of the period reached 38,936,722 USD Compared with Net profit after tax 54,110,093 USD for 2018, a net decrease in profit of 28.04%.Total assets of the company reached 5,266,841,047 USD compared with total assets of 4,657,182,978 USD at the end of year 2018, a net increase of 13.09%.Total liabilities of the company reached 4,836,176,854 USD compared with total liabilities of 4,240,802,430 USD at the end of year 2018, a net increase of 14.03%. Net ownership equity of the company reached 430,664,193 USD (Including Non-Controlling Interests of 53,863,794 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 3.43%.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%.



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