Financial Reports 1st Quarter 2017

15 May, 2017

Financial Highlights

Net profit in first quarter: NIS 321 million

Compared to NIS 288 million in the corresponding period last year

11.5% growth

Shareholders' equity: More than NIS 13 billion

Compared to NIS 12.1 billion in the corresponding period in 2016

Return on equity: 10.4%

Compared to 10.0% in the corresponding period and 10.2% for full year 2016

Despite the aforementioned growth in shareholders' equity

Financing revenues (interest and non-interest): NIS 1,026 million

Compared to NIS 827 million in the corresponding period

24.1% increase

Financing revenues from current operations: NIS 1,047 million

Compared to NIS 922 million in the corresponding period in 2016

13.6% growth

Ratio of Tier I capital to risk elements: 10.12%

Compared to 9.65% at the end of the corresponding period last year

Cost-Income ratio: 59.0%

The Bank will distribute for the first time according to the strategic plan, a dividend of 30% of net profit for the first quarter - NIS 96.3 million