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Bank of Palestine earns a pretax income of $ 8.772 million in the first quarter of 2010

2010-04-29

Bank of Palestine Company (BOP) 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 $ 8,772,534 comparing to a pretax income of $ 8,187,989 in the first quarter of 2009. The company’s assets reached $ 1,354,985,583 at the end 31/03/2010 after they reached $ 1,281,830,469 on 31/12/2009. Total liabilities reached $ 1,195,271,322 at the end of the first quarter of 2010 comparing to $ 1,130,950,652 as of 31/12/2009. Shareholders’ equity reached $ 159,714,261 on 31/03/2010 after they reached $ 150,897,817 at the end of 2009.