Financial Reports 1st Quarter 2009

25 May, 2009

Financial Highlights

Net profit in first quarter*: NIS 110 million

A 38.9% decrease over the corresponding period last year in which net profit amounted to NIS 180 million

and a 14.6% increase over the fourth quarter of 2008

in which net profit amounted to NIS 96 million

Return on equity: 7.5%

Compared to 13.5% in the corresponding period last year

and 6.7% in the fourth quarter of 2008

Profit from financing operations: NIS 584 million

Compared to NIS 549 million in the corresponding quarter last year

6.4% growth

Income from operating commissions: NIS 309 million

Compared to NIS 267 million in the corresponding quarter last year

15.7% growth

Ratio of capital to risk components: 11.61%

Compared to 11.31% at end of 2008

For additional information: Bank Spokesperson: 03-7559227

* Data for the first quarter of 2009 include consolidation of Bank Yahav financial statements.

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