Bank of Palestine

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Bank of Palestine Group announced its financial results reporting net profit for the three-month period ended 2022 of USD 17.6 million

Bank of Palestine Group (BoP) announced its financial results reporting net profit for the three-month period ended 2022 of USD 17.6 million and revenues of USD 70.5 million compared to net profit of USD 11.3 million and gross profit of USD 61.5 million for thesame period ended 2021. Flat assets with slight change to USD 6.48 billion compared with USD 6.51billion at the end of 2021. The Bank’s total shareholders' equity also increased to USD 514.6 million compared with USD 496.1 million at the end of 2021.

Under the Felestineya program, Bank of Palestine launches two suites for women and women entrepreneurs

Stemming from its efforts to develop tools, programs and activities that aim to empower and promote women at the business level, Bank of Palestine launched two new suites through the Felestineya program for females and women entrepreneurs.

Switching from LIBOR to SOFR

The main objective of this document is to educate Bank of Palestine customers and all concerned parties about the transition from using LIBOR (interest rate index)