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ISBK posts net income of $1.95 million in Q1 2024

2024-06-24

According to the financial statements of Palestine Islamic Bank ISBK for the 1st Quarter of 2024, Net profit after tax of the period reached 1,951,359 USD Compared with Net profit after tax 4,369,554 USD for 2023, a net decrease in profit of 55.34%.Total assets of the company reached 1,524,377,841 USD compared with total assets of 1,569,277,555 USD at the end of year 2023, a net decrease of 2.86%.Total liabilities of the company reached 1,374,827,747 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 1,421,241,547 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2023, a net decrease of 3.26%. Net ownership equity of the company reached 149,550,094 USD compared with total owner equity of 148,036,008 USD at the end of year 2023, a net increase of 1.02%.