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BOP posts net income of $20.59 million in Q1 2023

2023-05-17

According to the financial statements of Bank of Palestine BOP for the 1st Quarter of 2023, Net profit after tax of the period reached 20,591,050 USD Compared with Net profit after tax 17,591,749 USD for 2022, a net increase in profit of 17.05%.Total assets of the company reached 6,563,950,910 USD compared with total assets of 6,487,960,857 USD at the end of year 2022, a net increase of 1.17%.Total liabilities of the company reached 5,970,379,745 USD compared with total liabilities of 5,942,038,236 USD at the end of year 2022, a net increase of 0.47%. Net ownership equity of the company reached 593,571,165 USD (Including Non-Controlling Interests of 64,634,995 USD) compared with total owner equity of 545,922,621 USD (Including Non-Controlling Interests of 64,517,885 USD) at the end of year 2022, a net increase of 8.73%.