Net profit of NIS 704 million ($180 million) for Leumi in the third quarter of 2015, an increase of 10.7% compared with the corresponding period last year

In the first nine months of 2015 the net profit amounted to NIS 2.4 billion ($612 million), representing a net return on equity of 11.9%

  • Net profit of NIS 704 million ($180 million) in the third quarter of 2015, representing a net return on equity of 10.4%.
  • Net profit of NIS 2.4 billion ($612 million) in the first nine months of 2015, representing a net return on equity of 11.9%.
  • The core capital ratio (Tier I) at the end of the third quarter of 2015 reached 9.30%, compared with a ratio of 9.09% as of 31.12.14.
  • The liquidity coverage ratio (LCR) at the end of the third quarter of 2015 reached 104%, above the regulatory threshold required from the Bank.
  • Decrease in concentration of credit - for the first time, Leumi has no group of borrowers with indebtedness exceeding 10% of the Bank's capital.
  • Credit loss expenses in the first nine months of 2015 amounted to NIS 166 million ($42 million), reflecting 0.09% of the bank's credit portfolio. Credit loss expenses in the third quarter of 2015 amounted to NIS 73 million ($19 million), reflecting 0.11% of the bank's credit portfolio.
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