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PIBC posts net income of $1.58 million in 9M 2024

2024-11-18

According to the financial statements of Palestine Investment Bank PIBC for first nine months of 2024, Net profit after tax of the period reached 1,579,708 USD Compared with Net profit after tax 4,843,424 USD for 2023, a net decrease in profit of 67.38%.Total assets of the company reached 746,538,581 USD compared with total assets of 792,247,173 USD at the end of year 2023, a net decrease of 5.77%.Total liabilities of the company reached 640,441,433 USD compared with total liabilities of 687,659,440 USD at the end of year 2023, a net decrease of 6.86%. Net ownership equity of the company reached 106,097,148 USD compared with total owner equity of 104,587,733 USD at the end of year 2023, a net increase of 1.44%.Noting that paid-in capital increased from 78,000,000 USD in year 2023 to 80,000,000 USD of this year,a net increase of 2.56%