Bank of Palestine Announces Unaudited Consolidated Earnings Results for the First Half of 2018
Bank of Palestine announced unaudited consolidated earnings results for the first half of 2018. For the period, the company’s interest income was USD 77,311,392 compared to USD 73,876,894 a year ago. Net interest income was USD 56,963,298 compared to USD 53,848,320 a year ago. Net income before tax was USD 34,565,795 compared to USD 34,970,391 a year ago. Net comprehensive income was USD 23,188,800 compared to USD 24,474,122 a year ago. Net cash outflow from operating activities was USD 225,786,230 compared to net cash flow from operating activities of USD 67,909,222 a year ago. Purchase of financial assets at fair value through other amounted to USD 1,055,000 compared to USD 586,667 a year ago. Purchase of intangible assets amounted to USD 598,790 compared to USD 1,835,417 a year ago.