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Palestine Commercial Bank earns a pretax income of $0.494 million in the first quarter of 2010

2010-04-27

Palestine Commercial Bank (PCB) disclosed its financial statements for the first quarter of 2010, and the company’s financial results as of 31/03/2010 indicated a pretax income of $ 494,685 comparing to $ 356,976 in the first quarter of 2009. The company’s assets reached $ 136,045,770 at the end 31/03/2010 after they reached $ 132,031,209 on 31/12/2009. Total liabilities reached $ 108,043,668 at the end of the first quarter of 2010 comparing to $ 104,900,633 as of 31/12/2009. Shareholders’ equity reached $ 28,002,102 on 31/03/2010 after they reached $27,130,576 at the end of 2009.