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ISBK posts net income of $3.36 million in Q1 2022

2022-05-15

According to the financial statements of Palestine Islamic Bank ISBK for the 1st Quarter of 2022, Net profit after tax of the period reached 3,361,754 USD Compared with Net profit after tax 3,460,751 USD for 2021, a net decrease in profit of 2.86%.Total assets of the company reached 1,662,969,167 USD compared with total assets of 1,656,425,003 USD at the end of year 2021, a net increase of 0.40%.Total liabilities of the company reached 1,520,756,915 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 1,517,775,923 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2021, a net increase of 0.19%. Net ownership equity of the company reached 142,212,252 USD compared with total owner equity of 138,649,080 USD at the end of year 2021, a net increase of 2.57%.