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Financial Reports 3rd Quarter 2017

13/11/2017

  Financial Highlights

In the third quarter of 2017, management and the Employee Association reached understandings with regard to a new wage agreement at the Bank for the years 2016-2021. The effect of the agreement on net profit in the third quarter amounted to NIS 104 million.


The known CPI in the third quarter declined by 0.5%. The impact of the negative CPI on net profit in the third quarter amounted to NIS 40 million.


Net profit for the third quarter (taking into account the aforementioned effects): NIS 261 million

Return on equity: 8.0%


Net profit for the first nine months: NIS 982 million

Return on equity: 10.1%


Financing revenues from current operations in the third quarter:

NIS 1,105 million

Compared to NIS 990 million in the corresponding period in 2016

11.6% growth


Loans to the public at the end of the quarter: NIS 178.6 billion

An increase of 5.9% compared to the corresponding period last year


Deposits from the public at the end of the quarter: NIS 184.2 billion

An increase of 6.0% compared to the corresponding period last year


Dividend amounting to NIS 78.3 million to be distributed with respect to third quarter earnings


 

 Further Information


 
 
 
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