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PIBC posts net income of $4.84 million in 9M 2023

2023-12-17

According to the financial statements of Palestine Investment Bank PIBC for the first nine months of 2023, Net profit after tax of the period reached 4,843,424 USD Compared with Net profit after tax 3,688,760 USD for 2022, a net increase in profit of 31.30%.Total assets of the company reached 751,071,659 USD compared with total assets of 746,299,396 USD at the end of year 2022, a net increase of 0.64%.Total liabilities of the company reached 646,706,321 USD compared with total liabilities of 642,933,371 USD at the end of year 2022, a net increase of 0.58%. Net ownership equity of the company reached 104,365,338 USD compared with total owner equity of 103,366,025 USD at the end of year 2022, a net increase of 0.97%.