PROFILE
HISTORY
Reasons behind their thinking can be attributed to the following
BOARD OF DIRECTORS
SENIOR EXECUTIVE MANAGEMENT

PROFILE

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 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.

Since its commencement, the Bank’s strategy was based on enhancing its presence in the different territories of the Palestinian authorities, so as to develop a base of clientele, offer variety of services, and boost up the financial status of the bank. The bank’s branches have shown a strong development and growth as demonstrated in the balance sheet figures particularly in respect of deposits & loans. In addition to the increasing profits which, in turn, resulted in an enormous increase in assets. All these efforts were associated with a persistent diligence to maintain the hi-tech performance and full response to the customers’ needs and wishes.

For achieving the optimal efficiency and competency of the bank’s branches, improving productivity, usage of working humane resources, and time & effort saving, PIB’s administration concentrate constantly on mechanizing the remaining un-mechanized banking and investment services, through induction of modern technical and automatic systems, programs & instruments. All these factors together, worked on improving the quality of services, elevating the developed productive efficiency of the bank. Herein special credits should be acknowledged to each of:

His Excellency Mr. Abdel Qader Al Qadi      Chairman
His Excellency Mr. Hani Al Qadi                 Vice chairman
His Excellency Mr. Ibrahim Abu Dayeh        Member of the board

                                                           of Director

who carried on the big responsibility of building the basic infrastructure of this huge Palestinian banking institution; accompanied the bank’s development step by step since its establishment till this day; & took on their shoulders the big responsibilities of accomplishing the success we witness today. Their leading strategy through the bank’s long journey exceeding the decade was distinguished as being steady in managing its capital & investment, committing to the trust of the banks customers, the thing permitting high elastic ability for investment and operation. Thanks to these accredited leadership, the future appears bright, full of hopes, and trustworthy.

For the end of emphasizing the bank’s financial status, the Extraordinary General Assembly held in Jordan on the 14th May 2006 decided:  

Up

HISTORY

In 1994 and following the Oslo Agreement, the country’s political situation began to resolve, opening a wide prospects of economy flourish. Premier founders thought of PIB establishment as an emerging need for reconstructing the Palestinian economy & infrastructure which were and still are expected to witness an enormous boom. These expectations were contingent on the Palestinian State dream of independence, with Jerusalem as its capital.
 

Reasons behind their thinking can be attributed to the following:

1- Palestine is known to be as one of the first Arab countries with high percent of educated people. In turn, this participated in attaining a more informed, educated, and skilled human resources, in spite of the continuant mass emigration through the long decades of occupation.
2- Once the Palestinian State is a reality, the general atmosphere of the Palestinian territories will be appropriate for investment, allowing capitals to flow massively from the outside. This will participate in reconstructing the national economy of the Palestinian lands.
3- Palestinian areas enjoy an international reputation in tourism, which is attributed to its religious heritage being as the descend land of the three holy religions. In addition to that, Palestine is an ample of summer and winter resorts as well.
4- For reconstruction of infrastructure and other public utilities of the state, projects of the public sector will be sought greatly. Also international donations and aids, allocated for the Palestinian People, will facilitate reviving the deteriorating economic conditions.


On this ground, and considering the aforementioned factors meeting investors’ wishes and hopes for their beloved country Palestine, Palestine Investment Bank was constructed and here we are along the road…
 

Up

BOARD OF DIRECTORS
 

Up

SENIOR EXECUTIVE MANAGEMENT