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About Bank Of Palestine

Bank of Palestine (BoP) is the first and largest bank with a well-diversified branch network of 48 branches in Palestine, and a paid up capital of $134 million and assets of over $1.65 billion. Established in 1960, BoP has successfully expanded its presence and operations throughout the country and now has 1,200 employees serving more than 550,000 customers. BoP has around 20% market share of deposits and credit facilities in Palestine. Operating as a universal bank, BoP is engaged in retail, corporate, SME and Micro banking operations, with the largest card processing operations in Palestine. BoP is the sole agent for issuing and acquiring Visa and Master Card in Palestine with over 5,000 Point of Sale stations nationwide.


Bank of Palestine’s stock (PEX: BOP), which has been listed on the Palestine Exchange (PEX) since 2005, is among the market’s blue chip stocks, and represents around 13% of total PEX market capitalization. In 2007 BoP established a brokerage subsidiary, Al Wasata Securities, providing customers with trading access to stocks listed on the Palestinian Stock Exchange and regional markets. And in 2011, the bank established another subsidiary, PalPay, which is a company that provides electronic payment solutions through the bank’s network of over 5,000 Point of Sale stations spread throughout Palestine.


Bank of Palestine has played a very proactive role in several fundamental initiatives in Palestine. The bank has mobilized the Palestinian private sector to launch the first private pension fund -the first in the region- which is expected to contribute greatly to strengthening the Palestinian economy and society. Moreover, Bank of Palestine has been committed throughout the years to economic development on a community level. Therefore the bank has adopted a holistic sustainability strategy and has been the leader in Corporate Social Responsibility (CSR) in Palestine, dedicating 5% of its net profit to areas of Youth, Innovation & Education, Health & Environment, Sports, Arts & Culture, Economic & Diaspora Affairs, and Social & Humanitarian Efforts.


In the past few years, the bank’s development, achievements, and contribution to the Palestinian society and economy have been recognized by several institutions; some of these recognitions in 2011 include being awarded the prestigious Euromoney Award for Excellence, Global Finance Award, and EMEA Finance Award as "Best Bank in Palestine”.  


 

Annual Report 2012

 

News & Events

Bank of Palestine honors student entrepreneurs from Birzeit University for researching Bank services  21/04/2014

 

Ya’bad Heritage Festival Concludes Activities amid Rapturous Public Applause  01/04/2014

 

BOP Delegation Visits Commercial and Industrial Centers in Hebron and Meets with Palestinian Businessmen Forum  26/03/2014

 

Bank of Palestine Launches Women Support Campaign on March 8 and Mother’s Day  23/03/2014

 

Bank of Palestine and Welfare Association open 7th Children Playground in Tulkarem  19/03/2014

 

Bank of Palestine Launches Prize Campaign on Accounts Program with a Daily Prize of USD 5000 for Each Family Member  16/03/2014

 

Bank of Palestine Celebrates Opening of New Branch in Bani Suhayla, Khan Younis  15/03/2014

 

Bank of Palestine Achieves USD 40.4m Net Profit in 2013 and Assets Rise by 17% to Reach USD 2.35 Billion  11/02/2014

 

Bank of Palestine, Dunya Women Cancer Centre, and Aid & Hope Program (AHP) For Cancer Patients Care launch an awareness campaign for early diagnosis of breast cancer  01/10/2013

 

Bank of Palestine delivers dialysis equipments to Nasser and Al-Shifa’ hospitals in Gaza  01/10/2013

 

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