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BOP posts net income of $33.30 million in 9M 2015

2015-10-19

According to the financial statements of Bank of Palestine BOP for the first nine months of 2015, Net profit after tax of the period reached 33,305,409 USD Compared with Net profit after tax 27,647,656 USD for 2014, a net increase in profit of 20.46%.Total assets of the company reached 2,746,016,220 USD compared with total assets of 2,424,773,961 USD at the end of year 2014, a net increase of 13.25%.Total liabilities of the company reached 2,451,445,911 USD compared with total liabilities of 2,144,667,383 USD at the end of year 2014, a net increase of 14.30%. Net ownership equity of the company reached 294,570,309 USD (Including Non-Controlling Interests of 747,655 USD) compared with total owner equity of 280,106,578 USD (Including Non-Controlling Interests of 682,432 USD) at the end of year 2014, a net increase of 5.16%.Noting that paid-in capital increased from 160,000,000 USD in year 2014 to 175,000,000 USD of this year,a net increase of 9.38%.