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PIBC posts net income of $5.09 million in 2022

2023-02-15

According to the financial statements of Palestine Investment Bank PIBC for the year 2022, Net profit after tax of the period reached 5,087,119 USD Compared with Net profit after tax 3,765,682 USD for 2021, a net increase in profit of 35.09%.Total assets of the company reached 746,299,396 USD compared with total assets of 738,504,579 USD at the end of year 2021, a net increase of 1.06%.Total liabilities of the company reached 642,933,371 USD compared with total liabilities of 635,877,375 USD at the end of year 2021, a net increase of 1.10%. Net ownership equity of the company reached 103,366,025 USD compared with total owner equity of 102,627,204 USD at the end of year 2021, a net increase of 0.72%.