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PIBC reports net income of $3.50 million in 9M 2018

2018-11-04

According to the financial statements of Palestine Investment Bank PIBC for the first nine months of 2018, Net profit after tax of the period reached 3,501,183 USD Compared with Net profit after tax 2,780,503 USD for 2017, a net increase in profit of 25.92%.Total assets of the company reached 428,338,436 USD compared with total assets of 443,291,111 USD at the end of year 2017, a net decrease of 3.37%.Total liabilities of the company reached 331,564,152 USD compared with total liabilities of 352,391,753 USD at the end of year 2017, a net decrease of 5.91%. Net ownership equity of the company reached 96,774,284 USD compared with total owner equity of 90,899,358 USD at the end of year 2017, a net increase of 6.46%.Noting that paid-in capital increased from 68,000,000 USD in year 2017 to 75,000,000 USD of this year,a net increase of 10.29%