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Israel Discount Bank Announces Q4 And Full Year 2012 Financial Results

Discount Group - Principal Data from the CONSOLIDATED Financial Statements

    Income and Profitability (in NIS millions)
                                                     %    Q4    Q4    %
                                     2012  2011  change 2012  2011  change
    Net interest income             4,459 4,617  (3.4) 1,066 1,108  (3.8)
    Expenses for credit losses        726   778  (6.7)   252   252      -
    Total non-interest income       3,257 2,937   10.9   784   688   14.0
    Total operating and other
    expenses                        5,826 5,845  (0.3) 1,379 1,464  (5.8)
    Income before taxes             1,164   931   25.0   219    80  173.8
    Income after taxes                757   817  (7.3)   112   212 (47.2)
    Net income attributable to the
    Bank's shareholders               802   847  (5.3)   169   219 (22.8)
    Net return on equity
    attributable to the Bank's
    shareholders in %                 7.1   8.2          5.9   8.6
    Net return on equity
    attributable to the Bank's
    shareholders in % - excluding
    the provision for impairment of
    the Bank's investment in the
    shares of the First
    International Bank                7.8   8.2          5.9   8.6
    Development of Assets and Liabilities (in NIS millions)
                                    December 31 December 31         %
                                           2012        2011     change
    Total Assets                        200,880     202,472      (0.8)
    Net Credit granted to the
    public                              117,611     116,383        1.1
    Securities                           46,001      42,898        7.2
    Deposits from the public            151,935     153,368      (0.9)
    Equity attributable to the
    Bank's shareholders                  11,838      10,702       10.6
    Total Equity                         12,134      11,021       10.1
    Principal Financial Ratios (in percentages)
                                                        2012       2011
    Total Equity to Total Assets                         6.0        5.4
    Ratio of capital to risk assets                     14.3       14.1
    Core Capital ratio                                   8.6        8.1
    Expenses for credit losses to average balance
    of credit granted to the public                     0.61       0.65
    Net Credit granted to the public, to total
    assets                                              58.5       57.5
    Net Credit granted to the public, to deposits
    from the public                                     77.4       75.9
    Deposits from the public to total assets            75.6       75.7
    Operating Income to Operating Expenses              55.9       50.2
    Operating Expenses to Total Income                  75.5       77.4
    Adjusted Return on Risk Assets                       7.8        8.1

Israel Discount Bank

Israel Discount Bank is a leading financial group in Israel. With nationwide coverage, Israel Discount Bank provides a full spectrum of corporate and retail financial products and services to its clients, both in Israel and key financial centers around the world. Israel Discount Bank is traded on the Tel Aviv Stock Exchange under the ticker DSCT.

Israel Discount Bank Ltd. Head Office: Discount Tower 23 Yehuda Halevi Street, Tel Aviv, Israel Tel:  + 972-3-5145555 http://www.discountbank.co.il For additional details please contact: Sarit  Weiss S pokesperson Tel:  + 972-3-5145516 Mobile :  + 972-52-2461151 spokes@discountbank.net

SOURCE Israel Discount Bank Ltd

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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