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ISBK records net income of $14.53 million at the end of 2017

2018-02-15

According to the financial statements of Palestine Isalmic Bank ISBK for the year 2017, Net profit after tax of the period reached 14,526,203 USD Compared with Net profit after tax 12,603,598 USD for 2016, a net increase in profit of 15.25%.Total assets of the company reached 1,011,422,320 USD compared with total assets of 809,082,569 USD at the end of year 2016, a net increase of 25.01%.Total liabilities of the company reached 901,768,267 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 713,773,730 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2016, a net increase of 26.33%. Net ownership equity of the company reached 109,654,053 USD compared with total owner equity of 95,308,839 USD at the end of year 2016, a net increase of 15.05%.Noting that paid-in capital increased from 62,500,000 USD in year 2016 to 69,000,000 USD of this year,a net increase of 10.40%.