Financial Statements Q2 2008
Financial statements of the Leumi Group for the first half of 2008
Net profit of NIS 1.36 billion ($405.4 million) for Leumi for the first half of 2008.
Net profit of NIS 889 million ($265.2 million) in the second quarter of 2008.
- Net return on equity in the second quarter: 19.1% (on an annual basis).
- Net operating profit amounted to NIS 639 million ($190.6 million) in the second quarter of 2008. Net operating profit for the first half of 2008 amounted to some NIS 1.1 billion ($331.4 million).
- Net interest income increased by 8.6% in the first half of 2008 and amounted to NIS 3.9 billion ($1.17 billion).
- Leumi's capital adequacy ratio continues to be the highest in the Israeli banking system: 12.4% (Tier I Capital: 8.2%).