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BOP posts net income of $51.51 million in 9M 2022

2022-11-16

According to the financial statements of Bank of Palestine BOP for the first nine months of 2022, Net profit after tax of the period reached 51,512,476 USD Compared with Net profit after tax 44,792,563 USD for 2021, a net increase in profit of 15.00%.Total assets of the company reached 6,432,497,155 USD compared with total assets of 6,508,221,806 USD at the end of year 2021, a net decrease of 1.16%.Total liabilities of the company reached 5,902,786,913 USD compared with total liabilities of 6,012,122,377 USD at the end of year 2021, a net decrease of 1.81%. Net ownership equity of the company reached 529,710,242 USD (Including Non-Controlling Interests of 64,216,436 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 6.78%.Noting that paid-in capital increased from 217,433,527 USD in year 2021 to 223,958,577 USD of this year,a net increase of 3.00%