VOL. XL No. 2019-May-1997


PIB Opens In West Bank

The Palestine International Bank (PIB) has become the sixth Palestinian-ownedbank to set up in the West Bank and Gaza after it opened its doors for businesson 10 May. The bank, which is based in the town of al-Birih, is capitalized at$20mn and is owned 60% by expatriate Palestinian, Arab and Gulf investors and40% by local Palestinian businessmen. There are currently 18 mainly Egyptian andJordanian banks operating 73 branches in the West...