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ISBK posts net income of $14.52 million in 2019

2020-02-16

According to the financial statements of Palestine Islamic Bank ISBK for the year 2019, Net profit after tax of the period reached 14,524,068 USD Compared with Net profit after tax 15,131,604 USD for 2018, a net decrease in profit of 4.02%.Total assets of the company reached 1,320,145,499 USD compared with total assets of 1,104,396,137 USD at the end of year 2018, a net increase of 19.54%.Total liabilities of the company reached 1,202,547,759 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 20.91%. Net ownership equity of the company reached 117,597,740 USD compared with total owner equity of 109,818,566 USD at the end of year 2018, a net increase of 7.08%.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%.