NIS 215 million net earnings and 7% ROE for First International Bank in 2010 first half
Net earnings of the First International Bank Group for the first half of 2010 amounted to NIS 215 million, a decrease of 13.7% year-on-year. Net earnings in the second quarter of the year totaled NIS 86 million, a year-on-year decrease of 38.6%.
Return on equity
Return on equity amounted to 7% annualized in 2010 first half. ROE in the second quarter reached 5.6%.
Credit to the public
Credit to the public totaled NIS 60,411 million, an increase of 2.5% year-on-year and 0.3% compared with the end of 2009.
Deposits from the public
Deposits from the public totaled NIS 80,113 million, an increase of 0.4% year-on-year.
The capital adequacy ratio
The ratio of capital to risk assets calculated in accordance with the Basel II directives, amounted to 12.87% on June 30, 2010 after dividend—with the Tier I ratio amounting to 8.31%—compared with 14.03% at the end of 2009.