A group of
elite bankers and businessmen from Palestine and other Arab
countries laid down the cornerstone of Palestine Investment
Bank “PIB”, a public shareholding company based in
Palestine. PIB was the first bank to receive PNA
authorization to start its services. The bank was registered
in Gaza city on the 10th Aug 1994 with a paid-up capital
(20) Million Dollars.
On its 11th
meeting, the Extraordinary General Assembly held on the 14th
May 2006 in Jordan, announced raising the paid-up capital to
USD (40) Million. By 31st Dec 2005, the bank capitalized USD
(20) Million of retained earnings and announced cash
dividends one share per share.
On 26th of March 1995, PIB’s first Branch was inaugurated in
Gaza city, and since then the administration of the bank
began expanding in other Palestinian cities and territories
successively. This was PIB set plan, which has been finally
realized in the currently existing network of branches
allover the country.