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BOP posts net income of $12.84 million in Q1 2024


According to the financial statements of Bank of Palestine BOP for the 1st Quarter of 2024, Net profit after tax of the period reached 12,842,145 USD Compared with Net profit after tax 20,591,050 USD for 2023, a net decrease in profit of 37.63%.Total assets of the company reached 7,265,330,240 USD compared with total assets of 7,126,060,748 USD at the end of year 2023, a net increase of 1.95%.Total liabilities of the company reached 6,694,637,141 USD compared with total liabilities of 6,565,700,366 USD at the end of year 2023, a net increase of 1.96%. Net ownership equity of the company reached 570,693,099 USD (Including Non-Controlling Interests of 67,105,643 USD) compared with total owner equity of 560,360,382 USD (Including Non-Controlling Interests of 65,854,384 USD) at the end of year 2023, a net increase of 1.84%.



Al-Quds Index continued to decline amid lack of general incentives

The PEX records average PE of 19.7x and average P/BV of 1.10x in Q1 2024

JCC approves distributing 10% cash dividends for the year 2023



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