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ISBK posts net income of $4.85 million in 2023

2024-03-18

According to the financial statements of Palestine Islamic Bank ISBK for year 2023, Net profit after tax of the period reached 4,846,019 USD Compared with Net profit after tax 15,346,058 USD for 2022, a net decrease in profit of 68.42%.Total assets of the company reached 1,569,277,555 USD compared with total assets of 1,516,335,930 USD at the end of year 2022, a net increase of 3.49%.Total liabilities of the company reached 1,421,241,547 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 3.90%. Net ownership equity of the company reached 148,036,008 USD compared with total owner equity of 148,461,111 USD at the end of year 2022, a net decrease of 0.29%.Noting that paid-in capital increased from 90,000,000 USD in year 2022 to 100,000,000 USD of this year,a net increase of 11.11%