Financial Reports Annual 2009
23 March, 2010
Financial Highlights
Net profit in fourth quarter, excluding non-recurring provision for voluntary retirement program*: NIS 186 million
compared to NIS 96 million in the corresponding period last year
93.8% growth
Return on equity: 11.9%
Annual net profit excluding non-recurring provision for voluntary retirement program: NIS 648 million
compared to NIS 602 million in 2008
7.6% growth
Return on equity: 10.4%
Net profit in fourth quarter: NIS 114 million
An increase of 18.8% over the corresponding period last year Reflecting a 7.2% return on equity
Net profit in 2009: NIS 530 million
A 12.0% decrease compared to 2008
Reflecting a 8.5% return on equity
Ratio of capital to risk elements: 12.57%, Tier 1 capital: 7.07%
Ratio of capital to risk elements, in Basle II terms: 14.25%, Tier 1 capital: 8.01%
The provision for voluntary retirement program, amounting to NIS 170 million (NIS 118 million after tax), was made in the second half of 2009
For additional information: Bank Spokesperson: 03-7559227
Further Information
Analyst Presentation (pdf 237kb)
Financial Reports (pdf 3 MB)
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