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BOP posts net income of $56.50 million in 2021

2022-02-16

According to the financial statements of Bank of Palestine BOP for the year 2021, Net profit after tax of the period reached 56,504,326 USD Compared with Net profit after tax 22,412,148 USD for 2020, a net increase in profit of 152.11%.Total assets of the company reached 6,508,256,899 USD compared with total assets of 5,809,809,988 USD at the end of year 2020, a net increase of 12.02%.Total liabilities of the company reached 6,012,074,899 USD compared with total liabilities of 5,376,289,317 USD at the end of year 2020, a net increase of 11.82%. Net ownership equity of the company reached 496,182,000 USD (Including Non-Controlling Interests of 60,876,515 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 14.45%.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%.