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Financial Statements

The Leumi Group's Q2/11 Financial Statements

Net profit of NIS 1,118 million ($327 million) for Leumi in the first half of 2011

 

Compared with NIS 1,232 million ($361 million) in the corresponding period last year, a decrease of 9.3%

 

The second quarter last year included an extraordinary profit of NIS 182 million ($53 million) mainly in respect of the sale of the Bank's holdings in Paz Oil Company, Ltd.

 

Net profit in the second quarter of 2011 amounted to NIS 563 million ($165 million) Compared with NIS 689 million ($202 million) in the corresponding quarter last year, a decrease of 18.3%

 

Net operating profit increased by 10.7% compared with the second quarter of 2010, and amounted to NIS 561 million ($164 million).

 

  • Return on net operating profit in the second quarter of 2011 was 10.3% (on an annual basis), compared with 9.4% in the second quarter of 2010.

 

  • The capital adequacy ratio at the end of the first half of 2011 reached 13.96%, of which the core Tier 1 capital ratio was 8.20%.