Financial Reports 1st Quarter 2008

25 May, 2008

Financial Highlights

Net profit (all of it - operating profit): NIS 180 million
Compared to the same quarter last year, Where net operating profit* amounted to NIS 163 million
10.4% growth
Return on equity: 13.5%
Compares to 13.3% in the same period last year
And 12.9% for all of 2007
Profit from financing operations: NIS 549 million
Compared to NIS 467 million in the same period last year
17.6% growth
Provision for doubtful debt: NIS 41 million
Compared to NIS 50 million in the same quarter last year
18.0% decrease
Ratio of capital to risk components: 11.28%
For additional information: Bank Spokesperson: 03-7559227
Net profit in Q1 of last year amounted to NIS 370 million, and included profit from extraordinary items of NIS 207 million, primarily from sale of the Bank Group's provident fund operations.

Further Information

Analyst Presentation (pdf 166kb)
Press Release
Financial Reports (pdf 82kb)

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