Financial Reports Annual 2020

Net profit in 2020: NIS 1,610 million* - Return on equity in 2020: 9.5%
09 March, 2021

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

​​Press Release (PDF)

​Financial Reports (PDF)

Risk Management Report​​​ (PDF)

Key Features of equity instruments​​​​ (PDF)

Analysts Presentation (PDF)

Periodic report​ (PDF)

Confrence Call​ (19.01 min.)


 

Previous Reports and Messages