Financial Reports 1st Quarter 2018

08 May, 2018

Financial Highlights

Net profit in the first quarter of 2018: NIS 343 million

Compared to NIS 321 million in the corresponding period last year

6.9% increase

Shareholders' equity: NIS 13.9 billion

Compared to NIS 13 billion in the corresponding period

6.7% growth

Return on equity: 10.3%

Compared to 10.2% for all of 2017.

Despite the aforementioned growth in shareholders' equity

Financing revenues (interest and non-interest): NIS 1,171 million

Compared to NIS 1,026 million in the corresponding period in 2017

14.1% increase

Total revenues: NIS 1,544 million

Compared to NIS 1,395 million in the corresponding period

10.7% increase

Cost-Income ratio: 59.1%

As resolved by the Board of Directors, the Bank increased the dividend rate to 40% as from the first quarter and will distribute NIS 137.2 million