Return on equity - 7.3%. Core capital ratio — 8.2%
Net earnings of the First International Bank Group for the first nine months of 2011 amounted to NIS 307 million, a decrease of 10.5% year-on-year. Return on equity reached 7.3% annualized in 2011 first nine months compared with 7.5% in 2010 first nine months. In the third quarter of the year, net earnings totaled NIS 21 million compared with NIS 129 million in 3Q10. Return on equity reached 1.5% compared with 8.6% in 3Q10.
Credit to the public
Credit to the public totaled NIS 64,081 million, an increase of 3.6% YoY. Deposits from the public totaled NIS 78,866 million, an increase of 0.6% YoY.
The ratio of capital to risk assets
The ratio of capital to risk assets, calculated in accordance with the Basel II directives, amounted to 12.7%, with the Tier I (core) ratio amounting to 8.2%.