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Financial Statements

Financial Statements Q1 2007

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May 31st, 2007

 

Net profit of NIS 917 million ($221 million) for Leumi in the first quarter of 2007

 

  • Net return on equity in the first quarter is 22.2% (on an annual basis), compared with 30.4% in the same period last year (which included the sale of Leumi's holdings in Africa Israel Investments Ltd., and the sale of 10% of its shares in Migdal Insurance and Financial Holdings Ltd.)

 

  • Net operating profit increased by 64.5% compared with the first quarter of 2006, and amounted to NIS 658 million ($158 million)

 

  • Return on net operating profit was 15.6% (on an annual basis), compared with 10.3% in the first quarter of 2006

 

  • Net interest income and operating income continued to increase, growing by 9.0% and 5.1% respectively compared with the same period last year

 

  • Leumi's capital adequacy ratio maintains its high level, at 11.9%