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Financial Reports 3rd Quarter 2018

13/11/2018

Financial Highlihgts

Net profit in the third quarter: NIS 454 million
Compared to NIS 261 million in the corresponding period last year*
73.9% growth
Return on equity in the third quarter: 13.4%
Net profit for the first nine months: NIS 1,004 million**
Compared to NIS 982 million in the corresponding period last year
Financing revenues in the third quarter: NIS 1,341 million
Compared to NIS 1,072 million in the corresponding period last year
25.1% growth
Loans to the public at the end of the quarter: NIS 189.8 billion
An increase of 6.3% compared to the corresponding period last year
Tier I capital ratio: 10.11%
Cost-income ratio in the third quarter: 54.5%

* Results of the third quarter of 2017 include extraordinary salaries expenses amounting to NIS 160 million (NIS 104 million in terms of net profit) with respect to the new collective agreement at the Bank for 2016-2021.
** Results of the first nine months of 2018 include an additional provision amounting to NIS 425 million, recorded in the second quarter, with respect to the US DOJ investigation 

Further Information

 
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