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%
