Financial Reports 2nd Quarter 2013

Financial Highlights

In the second quarter of 2013, a non-recurring provision for credit loss amounting to NIS 191 million was recorded due to application of the Supervisor of Banks' directive with regard to housing loans.

This provision had a one-time effect on the bottom line reported for this quarter.

Financing revenues in the second quarter: NIS 921 million

Compared to NIS 849 million in the corresponding period last year

8.5% growth

Cost-Income ratio: 54.8%

Net profit in the second quarter, after this provision: NIS 245 million

Compared to NIS 295 million in the corresponding period last year

16.9% decrease

Return on equity in the second quarter: 11.1%

Net profit in the first half of this year: NIS 525 million

Compared to NIS 546 million in the corresponding period last year

3.8% decrease

Return on equity in the first half: 11.9%

Dividend distribution of NIS 75 million was announced

Ratio of Tier I capital to risk elements (after dividend effect): 8.74%

For additional information: Bank Spokesperson: 03-7559227

Further Information

Press Release (pdf 111 kb) 

Financial Reports (pdf 1MB) 

Analysts Presentation (pdf 843kb) 

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