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First quarter 2014

Net earnings of the First International Bank Group amounted to NIS 120 million


Net earnings of the First International Bank Group for the first quarter of 2014 amounted to NIS 120 million, compared with NIS 136 million in 2013/Q1. Return on equity reached 7.2% annualized. 

Concurrently deposits from the public rose by 10.5% to NIS 91,103 million.

Credit to the public, net, totaled NIS 67,894, 0.7% more than at the end of March 2013.

The core (Tier 1) capital ratio
amounted to 9.73% on March 31, 2014, compared with 10.11% at the end of 2013. This was after the distribution of dividend to investors. The dividend yield reached3.5% in 2013  and 4% in 2014.


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