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PIBC posts net income of $1.21 million in H1 2020

2020-09-03

According to the financial statements of Palestine Investment Bank PIBC for first half of 2020, Net profit after tax of the period reached 1,211,872 USD Compared with Net profit after tax 2,368,057 USD for 2019, a net decrease in profit of 48.82%.Total assets of the company reached 544,395,374 USD compared with total assets of 501,903,950 USD at the end of year 2019, a net increase of 8.47%.Total liabilities of the company reached 448,008,779 USD compared with total liabilities of 402,202,908 USD at the end of year 2019, a net increase of 11.38%. Net ownership equity of the company reached 96,386,595 USD compared with total owner equity of 99,701,042 USD at the end of year 2019, a net decrease of 3.32%.