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PIBC posts net income of $1.22 million in Q1 2024

2024-06-24

According to the financial statements of Palestine Investment Bank PIBC for the 1st Quarter of 2024, Net profit after tax of the period reached 1,223,068 USD Compared with Net profit after tax 2,126,630 USD for 2023, a net decrease in profit of 42.49%.Total assets of the company reached 764,466,732 USD compared with total assets of 792,247,173 USD at the end of year 2023, a net decrease of 3.51%.Total liabilities of the company reached 658,599,389 USD compared with total liabilities of 687,659,440 USD at the end of year 2023, a net decrease of 4.22%. Net ownership equity of the company reached 105,867,343 USD compared with total owner equity of 104,587,733 USD at the end of year 2023, a net increase of 1.22%.