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ISBK records net income of $3.09 million in Q1 2020

2020-05-17

According to the financial statements of Palestine Islamic Bank ISBK for the 1st Quarter of 2020, Net profit after tax of the period reached 3,090,876 USD Compared with Net profit after tax 3,046,058 USD for 2019, a net increase in profit of 1.47%.Total assets of the company reached 1,258,103,091 USD compared with total assets of 1,318,413,322 USD at the end of year 2019, a net decrease of 4.57%.Total liabilities of the company reached 1,139,238,330 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 1,202,547,759 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2019, a net decrease of 5.26%. Net ownership equity of the company reached 118,864,761 USD compared with total owner equity of 115,865,563 USD at the end of year 2019, a net increase of 2.59%.