Financial Statements - Annual Report 2008
Despite the financial crisis and its impact on the Group’s business:
Net profit of NIS 92 million ($24.2 million) for Leumi in 2008
- In accordance with the Immediate Report of March 16, 2009 the loss for the fourth quarter of 2008 amounted to NIS 1,183 million ($311.2 million)
- Shareholder’s equity of the Bank amounted to NIS 18.7 billion ($4.9 billion) at the end of 2008
- The Bank’s capital adequacy remains high – 11.49%
- Credit to the public increased by 7.4% in 2008 and amounted to NIS 213.2 billion ($56.1 billion)
- Deposits of the public increased by 2.8% in 2008 and amounted to NIS 244.8 billion ($64.4 billion)
- In 2008, the Leumi Group’s contributions and sponsorships for community and social causes amounted to NIS 28.4 million ($7.5 million)