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BOP posts net income of $22.88 million in 2020

2021-02-16

According to the financial statements of Bank of Palestine BOP for the year 2020, Net profit after tax of the period reached 22,876,963 USD Compared with Net profit after tax 38,936,722 USD for 2019, a net decrease in profit of 41.25%.Total assets of the company reached 5,810,773,859 USD compared with total assets of 5,264,944,640 USD at the end of year 2019, a net increase of 10.37%.Total liabilities of the company reached 5,376,788,373 USD compared with total liabilities of 4,834,280,447 USD at the end of year 2019, a net increase of 11.22%. Net ownership equity of the company reached 433,985,486 USD (Including Non-Controlling Interests of 54,523,191 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 increase of 0.77%.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%.