Israel Discount Bank announced earnings results for the fourth quarter and year of 2016. Net profit in the fourth quarter of 2016 was ILS 145 million, representing growth of 141% over the fourth quarter of 2015. Excluding certain components, net profit in the quarter was ILS 284 million, 150% more than in the fourth quarter of 2015. Fourth quarter net interest income grew 12% in comparison with the corresponding quarter to ILS 1.17 billion. The company reported a net profit of ILS 905 million for 2016, 21% more than in 2015. The 2016 profit represents a return on equity of 6.6%, which compares with a return of 5.8% in 2015. Excluding certain components (among them the profit on the sale of the bank's rights in Visa Europe, voluntary layoff programs and an expense related to the settlement in CAL) the net profit for 2016 totaled ILS 980 million, representing an increase of 22% over the profit for 2015, and return on equity was 7.2% in 2016 and 6.2% in 2015. Net interest income totaled ILS 4.56 billion in 2016, 8.1% more than in 2015. The net profit represents a return on equity of 6.6%, compared with 5.8% in 2015.