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PIBC posts net income of $1.36 million in H1 2021

2021-08-15

According to the financial statements of Palestine Investment Bank PIBC for the first half of 2021, Net profit after tax of the period reached 1,358,376 USD Compared with Net profit after tax 1,206,872 USD for 2020, a net increase in profit of 12.55%.Total assets of the company reached 692,630,309 USD compared with total assets of 641,183,298 USD at the end of year 2020, a net increase of 8.02%.Total liabilities of the company reached 592,414,490 USD compared with total liabilities of 542,329,935 USD at the end of year 2020, a net increase of 9.23%. Net ownership equity of the company reached 100,215,819 USD compared with total owner equity of 98,853,363 USD at the end of year 2020, a net increase of 1.38%.