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PIBC posts net income of $0.08 million in Q1 2021

2021-06-02

According to the financial statements of Palestine Investment Bank PIBC for the 1st Quarter of 2021, Net profit after tax of the period reached 84,971 USD Compared with Net profit after tax 1,067,936 USD for 2020, a net decrease in profit of 92.04%.Total assets of the company reached 653,438,357 USD compared with total assets of 641,183,298 USD at the end of year 2020, a net increase of 1.91%.Total liabilities of the company reached 554,498,540 USD compared with total liabilities of 542,329,935 USD at the end of year 2020, a net increase of 2.24%. Net ownership equity of the company reached 98,939,817 USD compared with total owner equity of 98,853,363 USD at the end of year 2020, a net increase of 0.09%.