Net earnings of the First International Bank Group in Q209 amounted to NIS 140 million, an increase of 44.3% year-on-year. Net earnings in the first half of the year rose by 33.9% to NIS 249 million.
Return on equity
Return on equity reached 9.9% in the second quarter and 8.8% in the first half.
Shareholders’ equity totaled NIS 5,895 million on June 30 2009 compared with NIS 5,491 million on December 31 2008, an increase of NIS 404 million or 7.4%.
The capital adequacy ratio
The capital adequacy ratio reached 13.95%, with the Tier 1 ratio amounting to 9.5%.