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ISBK posts net income of $2.06 million in 9M 2024

2024-11-17

According to the financial statements of Palestine Islamic Bank ISBK for the first nine months of 2024, Net profit after tax of the period reached 2,062,522 USD Compared with Net profit after tax 8,503,101 USD for 2023, a net decrease in profit of 75.74%.Total assets of the company reached 1,507,426,667 USD compared with total assets of 1,569,277,555 USD at the end of year 2023, a net decrease of 3.94%.Total liabilities of the company reached 1,356,724,284 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 1,421,241,547 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2023, a net decrease of 4.54%. Net ownership equity of the company reached 150,702,383 USD compared with total owner equity of 148,036,008 USD at the end of year 2023, a net increase of 1.80%.