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

• 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.
• Income in respect of credit losses amounted to NIS 51 million ($15 million), representing 0.08% of the Bank's net credit portfolio.
• Continued moderation of salary expenses - resulting from the efficiency program.
• The Bank is reporting an increase in all balance sheet parameters, compared with the corresponding period last year.
• The capital adequacy ratio (in Basel lll terms) reached 14.39%, of which the core capital ratio was 9.41%.