News

Bank of Palestine Group Signs the UN Principles for Responsible Banking

Bank of Palestine Group, has become an official Signatory of the UN Principles for Responsible Banking (PRB) – a single framework for a sustainable banking industry developed through a partnership between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI). (www.unepfi.org/responsiblebanking)

Bank Of Palestine Brings Apple Pay to Customers

Bank of Palestine today brings its customers Apple Pay, a safer, more secure, and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction

Ghanam and Bank of Palestine Deliver Financial Support for the Rehabilitation of the Khalil Abu Riya...

Dr. Leila Ghannam, Governor of Ramallah and Al-Bireh, along with a delegation from Bank of Palestine, handed over financial support to the management of the Khalil Abu Riya Medical Rehabilitation Center, which is affiliated with the Friends of the Patient Association. This support, provided by the bank, aims to assist in equipping the center’s children's department. The initiative is part of the strategic plan of the Ramallah and Al-Bireh Governorate, in partnership with the Governorate's Friends Network from the private sector, to support the most vulnerable groups in society and the institutions that care for them.

Bank of Palestine Becomes the First Bank in the Middle East to Sign Up to Citi’s Sustainable Deposit...

Ramallah- June1, 2023: Bank of Palestine (BOP) has become the first bank in Palestine and the Middle East to deposit funds in Citi’s Sustainable Deposit Solution. Citi’s Sustainable Deposit Solution supports clients when investing their excess cash and meeting their sustainability goals.

Bank of Palestine Group achieves profits of $20.6 million in the first quarter of 2023, with a growt...

Chairman of the Board, Hashim Shawa: The results reflect a sustainable development strategy to serve our customers and community. Bank of Palestine Group achieves profits of $20.6 million in the first quarter of 2023, with a growth rate of 17% and assets exceeding $6.5 billion.

Bank of Palestine Supports Educational Visits to Schools Through the Mobile Educational Museum

In Partnership with the Institute of Biodiversity and Sustainability at Bethlehem University, Bank of Palestine Supports Educational Visits to Schools Through the Mobile Educational Museum

Bank of Palestine contributes to the establishment of a graduate studies and research laboratory at...

Bank of Palestine made a contribution to the establishment of a graduate studies and research laboratory at Palestine Polytechnic University in Bethlehem, in order to encourage scientific research and the development of research projects aimed at serving researchers, faculty members, and students in conducting their research and studies.

The General Assembly of "Bank of Palestine" approves the distribution of cash dividends and free sha...

The General Assembly of Bank of Palestine held its annual meeting on April 5, 2023, at the bank's headquarters in Ramallah, with video conference participation from Gaza City. The meeting was attended by key officials, including Chairman Hashem Shawa and General Manager Mahmoud Shawa, alongside board members, auditors, and representatives from the Ministry of National Economy, Palestinian Monetary Authority, and Palestinian Capital Market Authority, with a quorum of approximately 97.76%.

Bank of Palestine launches a new campaign to encourage payments through the bank's cards and other b...

Bank of Palestine launched a new campaign to encourage payments through its Point of Sale (POS) machines under the slogan "No matter what your bank is, both you and the merchant are winners." The campaign targets Bank of Palestine customers as well as customers of local and foreign banks who use their plastic (bank) cards, in addition to merchants using Bank of Palestine’s POS machines. The new campaign offers the opportunity to win 10 daily prizes equivalent to the purchase value in various Palestinian cities and governorates.

Bank of Palestine Donates Half a Million Dollars to Support 5,000 Palestinian Families During Ramada...

Bank of Palestine has donated $500,000 to support 5,000 underprivileged families across the country in celebration of the holy month of Ramadan. The donation aims to provide smart cards for purchasing food supplies through the World Food Programme (WFP) and Global Communities, using electronic payment systems and payment centers authorized by "PalPay."

Bank of Palestine Issues Its First Sustainability Report According to Global Reporting Initiative (G...

Bank of Palestine has issued its first sustainability report titled "For a Green and Sustainable Future," in line with the Global Reporting Initiative (GRI) standards. This report underscores the bank's commitment to periodic and voluntary disclosure of its best practices in applying sustainability principles, engaging with all segments of society, and measuring the impact of these interactions on the environment. Through this report, the bank aims to demonstrate its transparency in addressing environmental, social, and governance (ESG) factors, reinforcing its role in promoting a sustainable future.

Bank of Palestine Provides Support to Birzeit University to Develop Projects Serving People with Dis...

Bank of Palestine and Birzeit University signed an agreement aimed at supporting students with disabilities, as part of Bank of Palestine's sustainability strategy. The agreement involves funding priority needs at Birzeit University, including setting up a computer lab and preparing facilities and entrances to some buildings and faculties to accommodate people with disabilities.

Bank of Palestine" launches a campaign to defer installments during the holy month and holidays

Bank of Palestine has launched a campaign for its clients from both the public and private sectors, aiming to defer all types of loans, except for car loans and university loans, in celebration of the approaching holy month and blessed holidays. The campaign will allow clients to defer their monthly installments for a period ranging from one to three months, without any fees, and this can be done once during the campaign period

The Japan International Cooperation Agency (JICA) Invests 30 Million USD in the First Additional Tra...

The Japan International Cooperation Agency (JICA) Invests 30 Million USD in the First Additional Tranche of Bank of Palestine's Capital, a First of Its Kind in Palestine to Enhance the Bank's Ability to Support Small and Medium Enterprises

Bank of Palestine Contributes to Relief Efforts for Palestinian Refugees Affected by the Devastating...

Bank of Palestine has announced its financial and in-kind contribution to assist Palestinian refugees affected by the devastating earthquake that struck Syria and Turkey, in line with its social responsibility. The aid will be distributed through the efforts of the Palestinian Red Crescent Society to help Palestinian victims overcome this crisis.

Proparco and the European Union Renew Agreement with Bank of Palestine to Finance Small and Medium E...

Proparco and the European Union Renew Agreement with Bank of Palestine to Finance Small and Medium Enterprises with a Value of $9.2 Million

Bank of Palestine Contributes to Supporting the Office Management and Automation Diploma Implemented...

To develop the administrative and financial skills of Jerusalemite women... Bank of Palestine Contributes to Supporting the Office Management and Automation Diploma Program Implemented by the Young Women's Christian Association (YWCA) in Jerusalem.

Japan International Cooperation Agency and Bank of Palestine sign an agreement for an Additional Tie...

Japan International Cooperation Agency-JICA and Bank of Palestine-BOP signed a USD$30 million Loan agreement for an Additional Tier 1 Investment in the capital of the bank. This loan agreement is intended to boost the capital of the bank for the purpose of lending SME projects. The loan is perpetual but can be converted into common equity shares should an agreed upon trigger event occurs. The instrument will enter into effect later in 2023 and will require the approval of the bank's general assembly

Bank of Palestine Contributes to Assisting Palestinian Refugees Affected by the Devastating Earthqua...

Bank of Palestine Announces Cash and In-kind Contribution to Assist Palestinian Refugees Affected by the Devastating Earthquake in Syria and TurkeyBank of Palestine announced its provision of both cash and in-kind contributions to assist Palestinian refugees affected by the devastating earthquake that struck Syria and Turkey, in line with its social responsibility. These aids will be distributed through the efforts of the Palestinian Red Crescent Society to support Palestinian victims in overcoming this calamity.

Proparco and the European Union support Bank of Palestine in financing high impact SMEs

After an equity investment in the bank in July 2021 and the provision of a 30 MUSD green loan (SUNREF) earlier that year, Proparco continues to support Bank of Palestine, the leading banking group in the West Bank and Gaza, by granting an ARIZ MENA portfolio guarantee funded by the European Union (EU) to the Bank of Palestine (BOP) of 9.2 MUSD, Proparco aims to foster financial inclusion and strengthen the Palestinian private sector, particularly high impact MSMEs

Bank of Palestine Group announced its financial results reporting net profit for the three-month per...

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 bundles for businesswomen and women en...

Stemming from its efforts to develop tools, programs and activities that aim to empower and promote women entrepreneurs and business owners to develop and expand their Business

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)

Bank of Palestine Launches QR Code Payment Service for Merchants via Banking App

Bank of Palestine has launched a new digital payment service that allows its customers to make instant payments to merchants easily, securely, and in a short time, with quick and safe steps using a QR code through the "Banky" app

Bank of Palestine, Proparco and EU Launch Sunref II Green Finance Program

Bank of Palestine (BOP) and Proparco in cooperation with the EU jointly announced the signing of Sunref II Green Program after successfully completing Sunref I.

Coinciding with the International Day of Persons with Disabilities, and stemming from its efforts to...

Bank of Palestine and the Ministry of Labor launch a financial facilities portfolio in the amount of one million dollars for persons with disabilities, with support from the Palestinian Monetary Authority’s Sustainability Fund

In support of the sustainability of women’s projects in Palestine, Bank of Palestine offers exclusiv...

As part of the Felestineya Program

Contributing to the sustainability of art and cultural institutions in Jerusalem

With sponsorship from Bank of Palestine, the Palestinian Art Court - Al Hoash, inaugurates its first exhibition entitled “and we still follow its path”

Bank of Palestine sponsors the first cross-country race for the UNRWA schools in Jericho

The Palestinian Athletics Federation

Bank of Palestine Group provides main sponsorship for the Palestine Real Estate Exhibition 2021 to e...

The exhibition will provide both participants and visitors the opportunity to become acquainted with this vast sector

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