Financial Reports Annual 2019
Financial Highlihgts
Net profit in 2019: NIS 1,842 million compared to NIS 1,206 million in 2018*, 52.7% growth.
Net profit in the fourth quarter of this year: NIS 440 million Compared to NIS 202 million in the corresponding period in 2018*,117.8% increase.
Return on equity in 2019: 11.9% compared to 8.5% return on equity in 2018**.
Return on equity in the fourth quarter of 2019: 11.5% compared to 5.7% return on equity in the corresponding quarter**.
Cost-Income ratio in 2019: 54.6%
Dividend amounting to NIS 176 million to be distributed with respect to fourth quarter earnings.
* Excluding the effect of the US investigation, net profit in 2018 amounted to NIS 1,647 million and in the fourth quarter of that year – NIS 378 million
** Excluding said extra ordinaries, return on equity in 2018 was 11.6%, and in the fourth quarter 10.7%
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