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PIBC posts net income of $0.40 million in 2024

2025-03-17

According to the financial statements of Palestine Investment Bank PIBC for the year 2024, Net profit after tax of the period reached 400,842 USD Compared with Net profit after tax 5,065,819 USD for 2023, a net decrease in profit of 92.09%.Total assets of the company reached 803,524,936 USD compared with total assets of 792,247,173 USD at the end of year 2023, a net increase of 1.42%.Total liabilities of the company reached 698,649,864 USD compared with total liabilities of 687,659,440 USD at the end of year 2023, a net increase of 1.59%. Net ownership equity of the company reached 104,875,072 USD compared with total owner equity of 104,587,733 USD at the end of year 2023, a net increase of 0.27%.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%.