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BOP records net income of $8.45 million in H1 2020

2020-08-31

According to the financial statements of Bank of Palestine BOP for the first half of 2020, Net profit after tax of the period reached 8,453,688 USD Compared with Net profit after tax 22,492,418 USD for 2019, a net decrease in profit of 62.42%.Total assets of the company reached 5,302,984,691 USD compared with total assets of 5,264,944,640 USD at the end of year 2019, a net increase of 0.72%.Total liabilities of the company reached 4,883,500,951 USD compared with total liabilities of 4,834,280,447 USD at the end of year 2019, a net increase of 1.01%. Net ownership equity of the company reached 419,483,740 USD (Including Non-Controlling Interests of 51,981,882 USD) compared with total owner equity of 430,664,193 USD (Including Non-Controlling Interests of 53,863,794 USD) at the end of year 2019, a net decrease of 2.60%.Noting that paid-in capital increased from 204,000,000 USD in year 2019 to 208,080,000 USD of this year,a net increase of 2.00%.