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PIBC posts net income of $3.27 million in 2020

2021-02-16

According to the financial statements of Palestine Investment Bank PIBC for year 2020, Net profit after tax of the period reached 3,262,358 USD Compared with Net profit after tax 4,520,684 USD for 2019, a net decrease in profit of 27.83%.Total assets of the company reached 641,290,141 USD compared with total assets of 501,903,950 USD at the end of year 2019, a net increase of 27.77%.Total liabilities of the company reached 542,849,723 USD compared with total liabilities of 402,202,908 USD at the end of year 2019, a net increase of 34.96%. Net ownership equity of the company reached 98,440,418 USD compared with total owner equity of 99,701,042 USD at the end of year 2019, a net decrease of 1.26%.