| Market: Palestine | Symbol: BOP | ISIN: PS1004112600 | Sector: Banking & Financial Services |
| Currency | USD |
| Previous Close | 1.50 |
| Change (%) | 0.67 |
| Volume | 40,466 |
| Number of Shares (mil) | 230.68 |
| Market Cap (mil) | 346.02 |
Company presentation
Established in 1960 and headquartered in Ramallah, Bank of Palestine (BOP) is a commercial private bank listed on the Palestine Stock Exchange (PEX) and regulated by the Palestine Monetary Authority. With total assets of USD 8.36 billion, BOP holds the largest market share in the sector accounting for over a third of customer deposits and credit facilities. It is the largest of the 13 financial institutions operating in Palestine. BOP operates the country’s leading banking network with 101 branches nationwide, serving over 1 million customers across retail, corporates, SME and public sectors. Offering a wide range of services – including retail, corporate, digital, and mobile banking – the bank is a leader in SME lending and plays a significant role in promoting financial inclusion, sustainability and entrepreneurship in Palestine.
| Key Financial Highlights (US$) | 2020 |
2021 |
2022 |
2023 |
2024 |
|---|---|---|---|---|---|
| Gross profit before provisions | 222,247,443 |
262,534,310 |
299,176,819 |
327,803,812 |
353,990,781 |
| Gross profit after provisions | 182,789,657 |
237,920,164 |
271,078,059 |
192,091,644 |
127,478,184 |
| Profit before Tax | 40,160,368 |
84,604,853 |
107,337,833 |
17,936,254 |
(45,470,578) |
| Net Profit | 22,412,148 |
56,254,327 |
66,646,637 |
16,490,514 |
(27,911,456) |
| Total Assets | 5,809,809,988 |
6,508,221,806 |
6,487,960,857 |
7,126,060,748 |
8,360,073,698 |
| Customer Deposits | 4,834,024,254 |
5,305,139,602 |
5,266,723,842 |
5,807,727,294 |
6,989,608,721 |
| Credit Facilities | 3,266,748,588 |
3,453,207,160 |
3,572,054,865 |
3,839,008,227 |
3,842,640,449 |
| Shareholders’ Equity | 433,520,671 |
496,099,429 |
545,922,621 |
560,360,382 |
573,602,393 |
| Paid Up Capital | 208,080,000 |
217,433,527 |
223,958,577 |
230,677,334 |
260,559,617 |
| Net Interest and Commission Revenue | 197,457,949 |
223,598,064 |
256,282,832 |
290,004,515 |
305,885,711 |
| Number of Employees | 1,749 |
1,745 |
1,799 |
1,790 |
1,835 |
| Number of Customers | 670,956 |
732,462 |
843,657 |
913,307 |
914,123 |
| Number of Branches | 74 |
73 |
73 |
72 |
69 |
| Market Share – Deposits | 31.70% |
31.72% |
31.78% |
33.02% |
37.23% |
| Market Share – Credit Facilities | 34.11% |
33.92% |
34.21% |
33.86% |
34.74% |
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