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BOP posts net income of $17.59 million in Q1 2022

2022-05-16

According to the financial statements of Bank of Palestine BOP for the 1st Quarter of 2022, Net profit after tax of the period reached 17,591,749 USD Compared with Net profit after tax 11,339,058 USD for 2021, a net increase in profit of 55.14%.Total assets of the company reached 6,484,714,681 USD compared with total assets of 6,508,221,806 USD at the end of year 2021, a net decrease of 0.36%.Total liabilities of the company reached 5,970,080,958 USD compared with total liabilities of 6,012,122,377 USD at the end of year 2021, a net decrease of 0.69%. Net ownership equity of the company reached 514,633,723 USD (Including Non-Controlling Interests of 62,589,385 USD) compared with total owner equity of 496,099,429 USD (Including Non-Controlling Interests of 60,728,386 USD) at the end of year 2021, a net increase of 3.74%.