Net income in the first nine months of 2017 reflects a return on equity of 9.7% and a return on equity of 10.3% in the third quarter of 2017.

Net income in the first nine months of 2017 totaled NIS 2,318 million ($657 million), while net income in the third quarter of 2017 totaled NIS 820 million ($232 million). Net income in the corresponding period last year included several material non-recurring items: the sale of Visa Europe, the insurance refund in respect of the settlement regarding U.S. customers, one-time salary expenses and non-recurring tax income. When excluding these items, the return on equity in the first nine months last year was 8.6% and 9.4% in the corresponding quarter last year.

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