Financial Reports Annual 2008

23 March, 2009

Financial Highlights

Net operating profit: NIS 601 million
Compared to NIS 681 million in 2007
11.7% decrease
Annual return on equity: 10.4%
Compared to 12.9% in 2007
Profit from financing operations before provision for doubtful debts: NIS 2,289 million
Compared to NIS 2,026 million in the same period last year
13.0% increase
Net operating profit in the fourth quarter: NIS 96 million
Quarterly profit from financing operations before provision for doubtful debts: NIS 588 million
Compared to NIS 507 million in the corresponding quarter last year
16.0% increase
Continued expansion trend in retail operations in 2008 (excluding contribution of Bank Yahav): 

13.1% increase in revenues from credit card commissions

15% increase in credit to households
16% increase in financing profit from retail banking
Net recruitment of tens of thousands of target customers; expansion of branch network and launch of
"Mizrahi-Tefahot LIVE"
Continued growth in Group share of mortgage market, to over 40% (including Bank Adanim, as of early 2009)


For additional information: Bank Spokesperson: 03-7559227



Further Information

Analyst Presentation (pdf 393kb)

Press Release

Financial Reports (pdf 4,222kb)



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