Israel Discount Bank announced earnings results for the first quarter of 2017. The company reported a net profit of ILS 303 million for the first quarter of 2017. This represents an increase of 70% in comparison with the profit for the first quarter of 2016. The return on equity in the first quarter of 2017 was 8.6%, which compares with 5.5% in the corresponding quarter of 2016. Interest income grew 11.2%, to ILS 1.1 billion, while fee income grew 6.7%.