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PIBC posts net income of $2.13 million in Q1 2023

2023-05-17

According to the financial statements of Palestine Investment Bank PIBC for the 1st Quarter of 2023, Net profit after tax of the period reached 2,126,630 USD Compared with Net profit after tax 1,750,281 USD for 2022, a net increase in profit of 21.50%.Total assets of the company reached 753,005,459 USD compared with total assets of 746,299,396 USD at the end of year 2022, a net increase of 0.90%.Total liabilities of the company reached 647,511,990 USD compared with total liabilities of 642,933,371 USD at the end of year 2022, a net increase of 0.71%. Net ownership equity of the company reached 105,493,469 USD compared with total owner equity of 103,366,025 USD at the end of year 2022, a net increase of 2.06%.