In order to bring you the best possible user experience, this site uses Javascript. If you are seeing this message, it is likely that the Javascript option in your browser is disabled. For optimal viewing of this site, please ensure that Javascript is enabled for your browser.

Annual Report 2013

Net profit of NIS 1,947 million ($561 million) for the Leumi Group in 2013


  • Without the losses of the Israel Corp., the net return on equity reached 9%.
  • Total income increased by 5.7% and amounted to NIS 12.9 billion ($3.7 billion).

  • The ratio of credit loss expenses was 0.11% - the lowest in the banking system.

  • The Bank's workforce decreased by 687 employees, from the beginning of 2012 (when the efficiency program was launched) until the end of 2013.

  • Leumi is raising the target of the 3-year efficiency program (2012-2014) to 1,000 employees, and by the end of 2014 the Bank's workforce will decrease by an additional 300 employees.

  • For the first time in years, a decrease in salary expenses in 2013.

  • Operating and other expenses decreased by 1.8% and amounted to NIS 8,933 million ($2,574 million).