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Palestine Islamic Bank realizes a net loss of $ 431.8 thousands in the first quarter of 2010

2010-04-25

Palestine Islamic Bank (ISBK) disclosed its financial statements for the first quarter of 2010, and the bank’s financial results as of 31/03/2010 indicated a loss of $ (431,824) comparing to a pretax income of $ 293,324 in the first quarter of 2009. The bank’s assets reached $ 304,701,476 at the end 31/03/2010 after they reached $ 299,134,104 on 31/12/2009. Total liabilities reached $ 268,761,962 at the end of the first quarter of 2010 comparing to $ 262,762,767 as of 31/12/2009. Shareholders’ equity reached $ 35,939,514 on 31/03/2010 after they reached $ 36,371,337 at the end of 2009.