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PIBC records net income of $1.97 million in H1 2017

2017-08-16

According to the financial statements of Palestine Investment Bank PIBC for the first half of 2017, Net profit after tax of the period reached 1,966,860 USD Compared with Net profit after tax 1,425,596 USD for 2016, a net increase in profit of 37.97%.Total assets of the company reached 383,459,816 USD compared with total assets of 352,712,692 USD at the end of year 2016, a net increase of 8.72%.Total liabilities of the company reached 301,462,535 USD compared with total liabilities of 272,673,693 USD at the end of year 2016, a net increase of 10.55%. Net ownership equity of the company reached 81,997,281 USD compared with total owner equity of 80,038,999 USD at the end of year 2016, a net increase of 2.45%.Noting that paid-in capital increased from 59,600,000 USD in year 2016 to 61,000,000 USD of this year,a net increase of 2.35%.