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PCB achieves net income of $0.19 million in 9M 2013

2013-10-28

According to Palestine Commercial Bank Company ( PCB)’s data for the first nine months of the year, net profit after taxes reached 188,072 USD, compared with a net profit after taxes of 126,480 USD from the first nine months of 2012, a net increase of 48.7%. Total assets of the company reached 229,453,526 USD as of September 30^th, 2013, compared to total assets of 186,169,212 USD as of December 31^st, 2012, a net increase of 23.2%. Total liabilities of the company reached 201,196,804 USD as of September 30^th, 2013, compared to total liabilities of 158,100,562 USD as of December 31^st, 2012, a net increase of 27.3%. Net ownership equity of the company reached 28,256,722 USD as of September 30^th, 2013, compared with a net ownership equity of 28,068,650 USD as of December 31^st, 2012, a net increase of 0.7% in the first nine months.