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ISBK posts net income of $15.35 million in 2022

2023-02-15

According to the financial statements of Palestine Islamic Bank ISBK for the year 2022, Net profit after tax of the period reached 15,346,058 USD Compared with Net profit after tax 13,685,189 USD for 2021, a net increase in profit of 12.14%.Total assets of the company reached 1,516,335,930 USD compared with total assets of 1,656,425,003 USD at the end of year 2021, a net decrease of 8.46%.Total liabilities of the company reached 1,367,874,819 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 decrease of 9.87%. Net ownership equity of the company reached 148,461,111 USD compared with total owner equity of 138,649,080 USD at the end of year 2021, a net increase of 7.08%.Noting that paid-in capital increased from 85,000,000 USD in year 2021 to 90,000,000 USD of this year,a net increase of 5.88%