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%.