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NIS 183 million net earnings for First International Bank

Return on equity – 13.5%,

Net earnings
Net earnings of First International Bank Group for the first quarter of 2011 amounted to NIS 183 million, an increase of 41.9% year-on-year. Return on equity reached 13.5% annualized in 2011 first quarter compared with 8.5% in 2010/Q1.

 

Credit to the public
Credit to the public, net, on March 31, 2011, totaled NIS 63,251 million, an increase of 4.6% YoY and a decrease of 0.3% compared with the end of 2010.


Deposits from the public
Deposits from the public totaled NIS 79,810 million, a decrease of 1.8% YoY and 0.4% compared with the end of 2010.

 

The ratio of capital to risk assets
The ratio of capital to risk assets on March 31, 2010 calculated in accordance with the Basel II directives, was 12.7%, with the Tier I ratio amounting to 8.19%.

 







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