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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 was a main sponsor for Startup Weekend Ramallah,which took place on April 4thas the fifth in Palestine, preceded by two in Nablus and two in Gaza.  22/05/2013

 

Jebreel Al-Rjoub, head of the Palestinian Football Federation, visits Bank of Palestine  06/05/2013

 

Bank of Palestine signs an agreement with the Toubas Electricity Company to offer financial services for purchasing electricity generators  01/05/2013

 

Bank of Palestine gains 14.36 USD million in profits for the first quarter of 2013  28/04/2013

 

Bank of Palestine (BOP) holds its General Assembly Meeting and distributes USD 26.05 million as dividend for the year 2012 (19.44% of the nominal value of the share)  28/04/2013

 

Bank of Palestine signs an agreement with Projacs International to manage the establishment of BOP's new Headquarters in RamallahBank of Palestine signs an agreement with Projacs International to manage the establishment of BOP's new Headquarters in Ramallah  16/04/2013

 

BOP contributes to building a Pediatric Cancer Department at BeitJala Hospital  08/04/2013

 

Bank of Palestine Board of Directors recommends the distribution of USD 26,050,000 to shareholders and schedules the AGM on 26-04-2013  30/03/2013

 

Bank of Palestine celebrates the inauguration of its new branch in Bethlehem  26/03/2013

 

BOP Annual Assembly General Meeting to take place on 26-04-2013  25/03/2013

 

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