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BOP posts net income of $44.79 million in 9M 2021

2021-11-01

According to the financial statements of Bank of Palestine BOP for the first nine months of 2021, Net profit after tax of the period reached 44,792,563 USD Compared with Net profit after tax 14,482,823 USD for 2020, a net increase in profit of 209.28%.Total assets of the company reached 6,395,718,904 USD compared with total assets of 5,809,809,988 USD at the end of year 2020, a net increase of 10.08%.Total liabilities of the company reached 5,911,654,898 USD compared with total liabilities of 5,376,289,317 USD at the end of year 2020, a net increase of 9.95%. Net ownership equity of the company reached 484,064,006 USD (Including Non-Controlling Interests of 59,036,723 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 11.66%.Noting that paid-in capital increased from 208,080,000 USD in year 2020 to 217,433,527 USD of this year,a net increase of 4.50%.