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Palestine Commercial Bank earns a pretax income of $0.25 million in Q1 2011

2011-04-27

Palestine Commercial Bank PCB disclosed its financial results for the first quarter of this year, where they indicated a pretax income of $251,994 compared to an income of $494,685 in the first quarter of 2010. Total assets reached $168,719,155 on 31/03/2011 compared to $171,495,617 as of 31/12/2010. Total Liabilities amounted at $140,437,602 on 31/03/2011 after they reached $143,618,289 on 31/12/2010, Total shareholders’ equity settled at $28,281,553 at the end of the first quarter of 2011 compared to $27,877,328 at the end of 2010.