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Bank of Palestine Q3 profits rise 31%

Bank of Palestine Q3 profits rise 31%
Earnings increased to $13.8 million in Q3 (Photo Credit: Arabianeye-Reuters)
Bank of Palestine
BOP
0.66% 1.52 0.01

Mubasher: The unaudited financial statements of the Bank of Palestine reported a growth of 31% in profits during the third quarter of 2016 as compared to the same period a year ago.

Earnings increased to $13.8 million in Q3-16 from $10.5 million in Q3-15, according to a bourse filing issued Monday.

In the first nine months of 2016, profits gained 14.7% to reach $38.2 million as compared to $33.31 million in the corresponding period a year ago.