Net earnings of the First International Bank Group in Q309 amounted to NIS 167 million, an increase of 203.6% year-on-year and 19.3% quarter-on-quarter. Net earnings in the first nine months of the year rose by 72.6% to NIS 416 million.
Return on equity
Return on equity reached 11.5% annualized in the third quarter, compared with 4% in Q308 and 9.9% in Q209. ROE in the nine months of the year reached 9.6% compared with 5.8% in the same period last year and 2.9% in the whole of 2008.
Shareholders’ equity rose by NIS 579 million to NIS 6,070 million.
The capital adequacy ratio
The capital adequacy reached 14.3%, with the Tier 1 ratio amounting to 9.8%.