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BOP posts net income of $11.34 million in Q1 2021

2021-06-01

According to the financial statements of Bank of Palestine BOP for the 1st Quarter of 2021, Net profit after tax of the period reached 11,339,058 USD Compared with Net profit after tax 4,345,921 USD for 2020, a net increase in profit of 160.91%.Total assets of the company reached 5,907,825,133 USD compared with total assets of 5,809,809,988 USD at the end of year 2020, a net increase of 1.69%.Total liabilities of the company reached 5,471,313,731 USD compared with total liabilities of 5,376,289,317 USD at the end of year 2020, a net increase of 1.76%. Net ownership equity of the company reached 436,511,402 USD (Including Non-Controlling Interests of 54,195,581 USD) compared with total owner equity of 433,520,671 USD (Including Non-Controlling Interests of 54,300,310 USD) at the end of year 2020, a net increase of 0.69%.Noting that paid-in capital increased from 208,080,000 USD in year 2020 to 210,160,800 USD of this year, a net increase of 1.00%.