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.)