Financial Reports Annual 2020
Net profit in 2020: NIS 1,610 million*
Return on equity in 2020: 9.5%
Cost-income ratio: 53.9%
Net profit in the fourth quarter: NIS 506 million**
Return on equity in the fourth quarter: 11.4%
Loans to the public (excluding Union Bank): 7.9% increase
compared to end of 2019
Deposits from the public (excluding Union Bank): 17.0% increase
compared to end of 2019
* Annual net profit, excluding the effect of Union Bank, amounted to NIS 1,543 million, compared to NIS 1,842 million in 2019 – decrease of 16.2%
** Net profit for the quarter, excluding the effect of Union Bank, amounted to NIS 439 million, compared to NIS 440 million in the corresponding period – decrease of 0.2%
Further Information
Risk Management Report (PDF)
Key Features of equity instruments (PDF)
