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Palestine Islamic Bank achieves pretax income of $2.07 million in Q1 2013

2013-04-30

According to Palestine Islamic Bank Company ( ISBK)’s data for the first three months of the year, net profit before tax reached 2,073,899 USD, compared with a net profit before tax of 1,672,967 USD from the first three months of 2012, a net increase of 24.0%. Total assets of the company reached 451,259,986 USD as of March 31^st, 2013, compared to total assets of 423,109,279 USD as of December 31^st, 2012, a net increase of 6.7%. Total liabilities and unrestricted investments accounts of the bank reached 391,909,595 USD as of March 31^st, 2013, compared to total liabilities and unrestricted investments accounts of 365,202,787 USD as of December 31^st, 2012, a net increase of 7.3%. Net ownership equity of the company reached 59,350,391 USD as of March 31^st, 2013, compared with a net ownership equity of 57,906,492 USD as of December 31^st, 2012, a net increase of 2.5% in the first three months.