The Arab Islamic Bank Company (AIB) posted its unaudited interim condensed financial results to the Palestine Exchange (PEX).

According to AIB data for the first nine months of 2014, net profit after taxes stood at $3.32 million, compared to $2.72 million in the corresponding period a year earlier, recording a rise by 21.9%. Total assets amounted to $544.72 million by September 30, 2014, against 469.81 million as at December 31, 2013, gaining 15.9%.

AIB’s total liabilities and restricted & unrestricted investments accounts reached $492.17 million as at September 30, 2014, against $428.10 million by December 31, 2013, a net increase of 15%.

The company’s net ownership equity amounted to $66.83 million as at September 30, 2014, compared to $62.32 million as at December 31, 2013, growing 7.2% in the first nine months. Moreover, paid-in capital reached $48.72 million by December 31, 2013, against $50 million as at September 30, 2014, registering an increase of 2.6%.