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Press Releases

The Leumi Group's Q1/11 Financial Statements

Net Profit of NIS 577 million ($165.8 million) in the first quarter of 2011

 

  • Net operating profit amounted to NIS 576 million ($165.5 million)

 

  • Net return on equity: 10.4% (on an annual basis)

 

  • Net interest income increased in the first quarter of 2011 by 7.3% and amounted to NIS 1,939 million ($557.0 million)

 

  • Operating income increased by 2.4% and amounted to NIS 1,023 million ($293.9 million)

 

  • Net credit to the public increased by 0.5% compared with the end of 2010, amounting to NIS 225.1 billion ($64.7 billion)

 

  • The Group's share in profits of companies included on the equity basis decreased by NIS 127 million ($36.5 million)

 

  • The capital adequacy ratio reached 14.1%, of which the core capital ratio was 8.25%.