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BOP records net income of $18.98 million in H1 2014

2014-08-14

According to Bank of Palestine Company BOP’s data for the first six months of the year, net profit after taxes reached 18,981,198 USD, compared with a net profit after taxes of 18,712,082 USD from the first six months of 2013, a net increase of 1.4%. Total assets of the company reached 2,625,933,331 USD as of June 30^th, 2014, compared to total assets of 2,348,045,943 USD as of December 31^st, 2013, a net increase of 11.8%. Total liabilities of the company reached 2,364,933,196 USD as of June 30^th, 2014, compared to total liabilities of 2,096,026,969 USD as of December 31^st, 2013, a net increase of 12.8%. Net ownership equity of the company reached 261,000,135 USD (including 691,662 USD in Non-controlling interest) as of June 30^th, 2014, compared with a net ownership equity of 252,018,974 USD (including 631,739 USD in Non-controlling interest) as of December 31^st, 2013, a net increase of 3.6% in the last six months. Furthermore, paid-in capital increased from 150,000,000 USD on December 31^st, 2013 to 160,000,000 USD by June 30^th, 2014, an increase of 6.7%.