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$23.5 million is the profit of Bank of Palestine in the first nine months of the current year.

2009-10-12

Ramallah “Al-Ayyam”: Bank of Palestine announced realizing a pretax income amounted to about $23.5 million in the first nine months of this year, compared with about $18 million in the same period last year. PSE had received the audited consolidated financial statements of the Internal Auditor of the Bank, to be the first company listed in the market to disclose their financial results for the third quarter of this year. The financial statements included: consolidated statement of financial balance sheet, the consolidated income statement, consolidated statement of cash flows, and statement of changes in shareholders" equity. The financial statements of the Bank shows that total assets grown to about $1.3 billion at the end of September of this year, from about $1.04 billion at the end of last year, while total liabilities rose to about $1.13 billion at the end of the period, about $922 million at the end of last year, where the total equity of increased approximately $148 million from about 123 million at the end of last yea