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Press Releases

The Leumi Group's Q3/10 Financial Statements

Net Profit of NIS 1.859 billion ($507.2 Million) in the first nine months of 2010

 

Compared with NIS 1.470 billion ($401.1 million) in the corresponding period in 2009, an increase of 26.5%

 

Net Profit in third quarter of 2010: NIS 603 million ($164.5 million)

 

Compared with NIS 534 million ($145.7 million) in third quarter of 2009, an increase of 12.9%

 

Leumi's Board of Directors approved an increase of the dividend to NIS 1 billion ($272.9 million), representing about 54% of the net profit of the Bank for the first nine months of 2010 (subject to approval by the General Meeting)

 

  • Net return on equity: 11.0% for the first nine months of 2010 (on an annual basis) and 10.7% for the third quarter of 2010 (on an annual basis)

 

  • Net operating profit in the first nine months of 2010 amounted to NIS 1.673 billion ($456.5 million)

 

  • The capital adequacy ratio, after the effect of the dividend, reached 15.25%, of which the Tier I capital ratio was 8.52%

 

  • Continued credit growth: credit to the public increased by 6.1% in relation to the end of 2009, and amounted to NIS 217.2 billion ($59.3 billion) at September 30, 2010