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Financial Statements

The Leumi Group's Q1/09 Financial Statements

May 31th, 2008

Net profit of NIS 429 million ($102.4 million) for Leumi in the first quarter of 2009

Net return on equity: 9.7% (on an annual basis)

 

Net profit amounted to NIS 429 million ($102.4 million)

  • Net return on equity in the first quarter of 2009: 9.7% (on an annual basis)
  • The capital adequacy ratio reached 11.90%, of which Tier I Capital is 7.73%.
  • Reduction of 12.8% in operating and other expenses, to NIS 1,564 million ($373.4 million), mainly as a result of a decrease in salary expenses
  • In the last month, in order to improve the capital adequacy ratio, the Bank issued subordinated capital notes of different types, in the amount of some NIS 2.5 billion