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%.