This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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.
3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,001.22 -38.27 -0.22%
S&P 500 1,988.41 -3.96 -0.20%
NASDAQ 4,538.5510 +6.4470 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs