Bank of Palestine Company Overview and Financial Insights

Bank of Palestine was founded in 1960, making it one of the oldest banks in Palestine.

The bank has a strong presence in the Palestinian market, with a network of over 100 branches and a wide range of financial services.

Bank of Palestine has a significant market share in Palestine, with a large customer base and a reputation for stability and security.

The bank's financial performance has been solid, with a net profit of $45 million in 2020.

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The Bank of Palestine has a significant presence in the region with 74 branches and sub-branches.

Its head office is located in Ramallah, Palestine, serving as the central hub for the bank's operations.

The bank also has a presence in international markets with representative offices in Dubai, United Arab Emirates, and Santiago, Chile.

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The Bank of Palestine has a significant presence in Palestine, with a whopping 74 branches and sub-branches.

Its head office is located in Ramallah, Palestine, which is a major hub for the bank's operations.

The bank also has a presence outside of Palestine, with representative offices in Dubai, United Arab Emirates, and Santiago, Chile.

Sales geography plays a significant role in the financial performance of Bank of Palestine. The bank's sales are primarily driven by the Palestinian Authority.

The Palestinian Authority has consistently been the largest contributor to Bank of Palestine's sales, with a significant increase in sales from 268 million in 2019 to 357 million in 2023.

International sales, on the other hand, have been relatively stable, with a dip in 2022 but a notable surge to 44.19 million in 2023.

Here's a breakdown of Bank of Palestine's sales geography:

The significant increase in sales from the Palestinian Authority in 2023 highlights the bank's strong presence in the local market.

Bank of Palestine's sales have been steadily increasing over the years. The bank's revenue from the Palestinian Authority has grown from 268M in 2019 to 357M in 2023.

Their international sales have also seen a significant jump, from 18.3M in 2019 to 44.19M in 2023. This indicates a growing presence of the bank in the international market.

Here's a breakdown of the bank's sales by region:

Sales by Activity is a crucial aspect of Bank of Palestine's financial performance. The bank's sales figures reveal interesting trends across different categories.

Retail sales have fluctuated over the years, reaching a high of 120M in 2021 and a low of 94.21M in 2022.

Companies, Institutions, and Public Sector sales have also shown significant variation, peaking at 161M in 2022 and dipping to 105M in 2023.

The Treasury segment has seen a notable increase in sales, rising from 21.95M in 2019 to 73.09M in 2022.

Other sales have experienced a decline, dropping from 8.13M in 2020 to -28.92M in 2023.

Here's a breakdown of the sales figures for each category over the years:

Valuation is a crucial aspect of understanding a company's financial health.

The enterprise value of Bank of Palestine Plc has fluctuated over the years, ranging from -$1.45B to -$217B.

In 2022, the EV/Sales ratio was -3.88x, indicating a significant decline in sales.

The P/E ratio has also changed, from 7.24x in 2022 to 44.2x in 2023, suggesting a potential increase in earnings.

Here's a breakdown of the P/E ratios for Bank of Palestine Plc:

The free-float of Bank of Palestine Plc is 86.03%, indicating a high level of liquidity.

The Bank of Palestine has a robust governance structure in place. The Executive Committee is led by Mahmoud Maher Shawa, the 42-year-old Chief Executive Officer who has been at the helm since December 31, 2020.

The Executive Committee also includes Saker Al-Nmri, the 46-year-old Director of Finance/CFO, who has been with the bank for an undisclosed period. Musa Shamieh, the 58-year-old Chief Operating Officer, has been in his role since December 31, 2013.

The Board of Directors, on the other hand, is composed of seven members, including Hashim Al-Shawa, the 49-year-old Chairman who has been in his position since March 3, 2010. The other directors include Tariq Al-Aggad, Abdulla Qais Abdulla Al-Ghanim, Maha Sobhi Mohammed Awad, Tafida Hosni Hassan Jarbawi, Emad Eric Shehadeh, Tawfik Habesch, Lana Abdul Hadi, Lama Waleed Saba Kanaan, and Linda Abdul Karim Nasri Sayegh, with the latter three joining the board in April 2022.

Here is a list of the Board of Directors:

The Board Composition of Bank of Palestine is comprised of 9 members, with Hashim Al-Shawa serving as the Chairman since 2010.

The Board has a mix of experienced members, with the oldest being Tafida Hosni Hassan Jarbawi at 69 years old.

The Board has been expanding in recent years, with 4 new members joining in 2022.

Here's a breakdown of the Board's composition:

Bank of Palestine Plc has made significant strides in governance, as evident from their press releases. The bank has received funding from European Bank for Reconstruction and Development, International Finance Corporation, and other investors.

In 2024, the European Bank for Reconstruction and Development delivered a 26% expansion in investments, committing a record €16.6bn across economies. This investment will likely have a positive impact on the bank's operations.

The bank has also been actively involved in supporting small businesses in the West Bank, a move that is expected to promote economic growth in the region. Bank of Palestine Plc has a strong commitment to corporate social responsibility (CSR).

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Here are some key dates related to Bank of Palestine Plc's press releases:

The bank's commitment to CSR is evident in its CSR Report 2021, which was released on July 20, 2022. This report highlights the bank's efforts to promote sustainable development and social responsibility.

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Bank of Palestine has a strong commitment to philanthropy, particularly in the education sector. In 2016, they launched the "NAHJ Project" to support school entrepreneurship in Jerusalem schools.

This initiative aims to empower students with the skills and knowledge needed to succeed in the business world. By doing so, the bank is helping to create a more sustainable and self-sufficient community.

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Bank of Palestine launched the "NAHJ Project" in 2016 to support school entrepreneurship in Jerusalem schools.

This initiative demonstrates the bank's commitment to giving back to its community.

I've been following the news on Bank of Palestine Plc, and it's been a wild ride. They announced that they expect to receive funding from European Bank for Reconstruction and Development, International Finance Corporation.

This is a significant development, especially considering the funding they received from Al Mohallab Kuwait Real Estate Company, Bank of Palestine Plc, The Innovative Startups and SMEs Fund, Innovative Private Sector Development Project, and angel investors, which was a whopping $1.55 Million.

Bank of Palestine Plc has been consistently reporting their earnings results, with the latest being for the Third Quarter and Nine Months Ended September 30, 2024. They've also reported their earnings for the Second Quarter and Six Months Ended June 30, 2024, and the First Quarter Ended March 31, 2024.

Here's a quick rundown of their earnings reports:

Bank of Palestine Plc has been transparent about their earnings, which is great for investors and stakeholders. They've also been making headlines with their funding announcements, which is a testament to their commitment to growth and development.

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