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Financial Statements Q1/2014
Net profit of NIS 625 million ($179 million) for Leumi in the first quarter of 2014
An increase of 9.6% compared with the corresponding period last year
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Net return on equity in the first quarter of 2014 reached 9.7% (on an annual basis), compared with 9.4% in the first quarter of 2013.
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Income in respect of credit losses amounted to NIS 51 million ($15 million), representing 0.08% of the Bank's net credit portfolio.
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Continued moderation of salary expenses - resulting from the efficiency program.
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The Bank is reporting an increase in all balance sheet parameters, compared with the corresponding period last year.
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The capital adequacy ratio (in Basel lll terms) reached 14.39%, of which the core capital ratio was 9.41%.
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