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PIBC posts net income of $2.91 million in 9M 2021

2021-11-01

According to the financial statements of Palestine Investment Bank PIBC for the first nine months of 2021, Net profit after tax of the period reached 2,907,488 USD Compared with Net profit after tax 2,730,034 USD for 2020, a net increase in profit of 6.50%.Total assets of the company reached 710,945,674 USD compared with total assets of 641,183,298 USD at the end of year 2020, a net increase of 10.88%.Total liabilities of the company reached 609,180,743 USD compared with total liabilities of 542,329,935 USD at the end of year 2020, a net increase of 12.32%. Net ownership equity of the company reached 101,764,931 USD compared with total owner equity of 98,853,363 USD at the end of year 2020, a net increase of 2.95%.