$38 million Profit of the Bank of Palestine by the End of the Third Quarter 2016
Bank of Palestine has achieved a net profit by the end of the third quarter amounted to approximately $38.2 million, compared to a net profit of about $ 33.3 million for the same period of 2015, with an increase of 14.67%.
The total assets amounted to about $ 4.3 billion after they were nearly $ 2.8 billion at the end of last year, with an increase of approximately 52.72%.
The total liabilities reached about $ 3.9 billion from almost $ 2.5 billion in the end of last year, with an increase of 56%.
While total equity amounted to nearly $ 386 million (including the rights of non-controlling sides of approximately $ 36 million) after it was approximately $ 306 million (including the rights of non-controlling sides by about $ 758 million) at the end of 2015 with an increase of about 26%.
The paid-up capital increased from $ 175 million last year to about $ 195 million this year, with a rise of about 11.43%.