Palestine Commercial Bank Company (PCB) announced its unaudited interim condensed financial results in a statement to the Palestine Exchange (PEX).


According to PCB data for the first nine months of 2014, net profit after taxes amounted to $830.25 THD, compared to $188.07 THD in the corresponding period a year earlier, surging by 341.5%.

The company’s total assets stood at $271.28 million as at September 30, 2014, compared to $237.29 million by December 31, 2013, gaining 14.3%. Total liabilities reached $231.56 million as at September 30, 2014, against $208.87 million as at December 31, 2013, adding 10.9%.


PCB’s net ownership equity amounted to $39.71 million as at September 30, 2014, compared to $28.42 million by December 31, 2013, registering a rise by 39.7% in the first nine months.