Financial Statements

Net profit for the second quarter of 2007 was NIS 913 million ($215 million) – an increase of 141.5% compared with the corresponding quarter of 2006.

• Net operating profit for the second quarter was also NIS 913 million ($215 million) – an increase of 148.8% compared with the corresponding quarter of 2006.

• Net profit for the first half of 2007 was NIS 1.83 billion ($431 million), compared with NIS 1.49 billion ($351 million) in the corresponding period of 2006 – an increase of 22.8%.

• Net operating profit for the first half of 2007 was NIS 1.57 billion ($370 million), compared with NIS 767 million ($181 million) in the corresponding period of 2006 – an increase of 104.8%.

• Net return on equity amounted to 21% (on an annual basis) in the first half of 2007, compared with 18.5% in the corresponding period of 2006, and 20.1% for all of 2006.

• The return on net operating profit in the first half of 2007 was 17.9% (on an annual basis), compared with 9.3% in the corresponding period of 2006 and 8.3% for all of 2006.

• Leumi's capital adequacy ratio continues to be high at 11.9%