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BOP posts net income of $16.49 million in 2023

2024-03-17

According to the financial statements of Bank of Palestine BOP for the year 2023, Net profit after tax of the period reached 16,490,514 USD Compared with Net profit after tax 66,646,637 USD for 2022, a net decrease in profit of 75.26%.Total assets of the company reached 7,126,060,748 USD compared with total assets of 6,487,960,857 USD at the end of year 2022, a net increase of 9.84%.Total liabilities of the company reached 6,565,700,366 USD compared with total liabilities of 5,942,038,236 USD at the end of year 2022, a net increase of 10.49%. Net ownership equity of the company reached 560,360,382 USD (Including Non-Controlling Interests of 65,854,384 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 2.64%.Noting that paid-in capital increased from 223,958,577 USD in year 2022 to 230,677,334 USD of this year,a net increase of 3.00%