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Palestine Investment Bank earns a pretax income of $1.286 million in the first quarter of 2010

2010-04-19

Palestine Investment Bank (PIBC) disclosed its financial statement for the first quarter of 2010, and the bank’s financial results as of 31/03/2010 indicated a pretax income of $1,286,624 comparing to $866,051 in the first quarter of 2009. The bank’s assets reached $240,136,983 at the end 31/03/2010 after they reached $245,620,515 on 31/12/2009. Total liabilities reached $177,715,782 at the end of the first quarter of 2010 comparing to $184,539,182 as of 31/12/2009. Shareholders’ equity reached $62,421,201 on 31/03/2010 after the reached $61,081,333 at the end of 2009.