Financial Reports Annual 2013

10 March, 2014

Financial Highlights

In 2013, the Bank made a non-recurring provision for credit losses amounting to NIS 191 million, due to implementation of Bank of Israel directives with regard to housing loans.

This provision reduced the Bank's annual net profit by NIS 122 million.



Net profit in 2013 (excluding a non-recurring provision ): NIS 1,200 million

compared to NIS 1,076 million in 2012

11.5% growth 


Return on equity (excluding the non-recurring provision ): 12.8%


Net profit reported in 2013: NIS 1,078 million

compared to NIS 1,076 million in 2012

0.2% growth 


Return on equity: 11.5% 


Tier I capital ratio as of December 31, 2013: 9.01%

compared to 8.55% at end of 2012


Financing revenues from current operations: NIS 3,304 million

7.1% growth compared to previous year


For additional information: Bank Spokesperson: 03-7559227


Further Information

Press Release (pdf 57 kb) 

Financial Reports (pdf 3.14MB) 

Analysts Presentation (pdf 970 kb)


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