Financial Reports 1st Quarter 2022

Net profit in the first quarter: NIS 1,154 million
Compared to NIS 676 million in the corresponding period last year
Increase of 70.7%

Return on equity in the first quarter: *21.9%
Compared to 14.1% in the corresponding period and 15.8% for 2021

Financing revenues in the first quarter: NIS 2,261 million
Compared to NIS 1,880 million in the first quarter of 2021
Increase of 20.3%

Outstanding growth in credit to the public: NIS 282.9 billion for Q1
Increase of 13.4% compared to the corresponding period last year

In the first quarter, the loan portfolio increased by NIS 11.5 billion
Similar to the average annual performance in 2015-2020**

Cost Income Ratio***: 43.2%

* Excluding capital gain from realized properties amounting to NIS 279 million, return on equity is 16.6%
** Excluding Union Bank credit
*** Excluding the aforementioned capital gain, cost-income ratio in the first quarter is 48.8%

Further Information

​​Press Release (PDF)

Financial Reports​ (PDF)

Risk Management Report​​​​​​​​ (PDF)

Key Features of Equity Instruments​​​​​ ​(PDF)

Analyst Presentation​​​​​​​ (PDF)

Conference Call (26.46 min.)