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ISBK posts net income of $4.37 million in Q1 2023

2023-05-16

According to the financial statements of Palestine Islamic Bank ISBK for the 1st Quarter of 2023, Net profit after tax of the period reached 4,369,554 USD Compared with Net profit after tax 3,361,754 USD for 2022, a net increase in profit of 29.98%.Total assets of the company reached 1,545,451,997 USD compared with total assets of 1,516,335,930 USD at the end of year 2022, a net increase of 1.92%.Total liabilities of the company reached 1,392,230,139 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 1,367,874,819 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2022, a net increase of 1.78%. Net ownership equity of the company reached 153,221,858 USD compared with total owner equity of 148,461,111 USD at the end of year 2022, a net increase of 3.21%.