Financial Statements
The Leumi Group's Q1/09 Financial Statements
May 31th, 2008
Net profit of NIS 429 million ($102.4 million) for Leumi in the first quarter of 2009
Net return on equity: 9.7% (on an annual basis)
Net profit amounted to NIS 429 million ($102.4 million)
- Net return on equity in the first quarter of 2009: 9.7% (on an annual basis)
- The capital adequacy ratio reached 11.90%, of which Tier I Capital is 7.73%.
- Reduction of 12.8% in operating and other expenses, to NIS 1,564 million ($373.4 million), mainly as a result of a decrease in salary expenses
- In the last month, in order to improve the capital adequacy ratio, the Bank issued subordinated capital notes of different types, in the amount of some NIS 2.5 billion