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Profits of $8.3 million for the Bank of Palestine in this current semi-annual period

2007-08-13

After Deducting Outstanding Interest Exceeding $5 Million

Profits of $8.3 million for the Bank of Palestine in this current semi-annual period

 Gaza-Yesterday Mr.Hashem Alshawa, The Bank of Palestine’s Director, announced the bank hade made a net profit of over $8 million for this semi-annual period. He stated in a press statement that, “The bank’s profit for this semi-annual period amounted to $8.298 million. After resolving $5.3 million as outlaying reservists benefits, as a commitment to the regulations issued by the Monetary Authority”. He added that the declaration of the bank’s profits came in the context of the disclosure policy of preliminary financial statements for this semi-annual period.