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PIBC posts net income of $1.75 million in Q1 2022

2022-05-16

According to the financial statements of Palestine Investment Bank PIBC for the 1st Quarter of 2022, Net profit after tax of the period reached 1,750,281 USD Compared with Net profit after tax 84,971 USD for 2021, a net increase in profit of 1959.86%.Total assets of the company reached 734,186,452 USD compared with total assets of 738,504,579 USD at the end of year 2021, a net decrease of 0.58%.Total liabilities of the company reached 629,808,597 USD compared with total liabilities of 635,877,375 USD at the end of year 2021, a net decrease of 0.95%. Net ownership equity of the company reached 104,377,855 USD compared with total owner equity of 102,627,204 USD at the end of year 2021, a net increase of 1.71%.