Financial Reports 2nd Quarter 2008

30 August, 2008

Financial Highlights

 Net profit (all of it - operating profit): NIS 366 million
5.5% growth
Compared to the corresponding period last year,
Where net operating profit* amounted to NIS 347 million
Return on equity: 13.4%
Compares to 13.6% in the same period last year
And 12.9% for all of 2007
Profit from financing operations (before provision for doubtful debt): NIS 1,103 million
Compared to NIS 996 million in the same period last year
10.7% growth 
Provision for doubtful debt: NIS 96 million
Compared to NIS 113 million in the corresponding period last year
15.0% decrease
Operating profit in Q2: NIS 186 million
Compared to NIS 184 million in the corresponding quarter last year
1.1% growth

For additional information: Bank Spokesperson: 03-7559227

Net profit in the first half of last year amounted to NIS 577 million, and included profit from extraordinary items
Of NIS 230 million, primarily from sale of the Bank Group's provident fund operations.


Further Information

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