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)
Financial Reports (pdf 4,222kb)
* To view the reports, please verify you have the latest version of the Acrobat software.
