The National Bank Company (TNB) announced its unaudited interim consolidated condensed financial results to the Palestine Exchange (PEX), reporting a net profit after taxes surge by 27.0% to $3.65 million during the first nine months of 2014 compared to $2.87 million in the same nine-month period of 2013.

The company’s total assets amounted to $606.09 million as at September 30, 2014, against $529.59 million by December 31, 2013, adding 14.4%. Total liabilities stood at $548.04 million as at September 30, 2014, compared to $474.63 million by December 31, 2013, registering an increase of 15.5%.

TNB’s net ownership equity amounted to $58.04 million as at September 30, 2014, compared to $54.96 million by December 31, 2013, rising 5.6% in the first nine months. Moreover, paid-in capital reached $49.88 million by December 31, 2013, against $49.89 million as at September 30, 2014, edging up 0.03%.