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Safa Bank P.L.C (Palestine)

Main Activities: Commercial Banking
Full name: Safa Bank P.L.C Profile Updated: October 29, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Safa Bank has been established as a public shareholding company by a group of companies, large organizations, and legal and natural persons in 2016. The Bank initiated its operations on the 22nd of September 2016 and offers banking services that comply with Islamic Sharia regulations. Safa Bank’s main objective is to meet the needs of the Palestinian market through its Islamic banking services and products, which eliminates the use of interest of any type and form. In addition, the Bank offers financing and investment services, in developing new methods for attracting funds and savings, in an effort to contribute to productive investment using banking methods and tools that do not contradict the regulations of Islamic Sharia.

Headquarters
Almasyoon, Aljihad Street, Near The Legislative Co
Ramallah and Al-Bireh; Gaza; Postal Code: 1313

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Website: http://www.safabank.ps

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2016
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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50.83%
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8%
Company Performance
Financial values in the chart are available after Safa Bank P.L.C report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net interest income
14.28%
Operating profit (EBIT)
5.42%
Net Profit (Loss) for the Period
N/A
Total assets
8.53%
Total equity
10.72%
Total Assets Trend
7.71%
Net Interest Income Trend
-23.53%

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