Net earnings of the First International Bank Group for 2012 totaled NIS 577 million, an increase of 20.2% compared with net earnings for 2011. Return on equity reached 9.5% in 2012 compared with 8.5% in 2011.
Net interest income and non-interest financing income totaled NIS 2,400 million, an increase of 15.2% compared with 2011. In the fourth quarter, this income rose by 0.8% compared with 2011/Q4 and amounted to NIS 593 million. The income growth was achieved despite the 0.85% decline in the interest rate in the economy compared with 2011.
Credit to the public rose by 4.5% to NIS 67,879 million in 2012. The average balance of credit to the public increased by 5.3% to NIS 66,412 million in 2012. Deposits from the public expanded by 3.7% to NIS 84,365 million.
Capital attributed to shareholders totaled NIS 6,563 million on December 31, 2012, compared with NIS 5,810 million at the end of 2011, an increase of 13.0%. The Tier 1 capital ratio amounted to 9.65% compared with 8.46% at the end of 2011. The overall capital ratio reached 14.94%.
Annual Report - 2012