20th Aug 2007 07:00
Leumi International Investments NV20 August 2007 BANK LEUMI LE-ISRAEL B.M. (GUARANTOR - GUARANTEED EURO MEDIUM TERM NOTE PROGRAMME OF LEUMI INTERNATIONAL INVESTMENTS N.V.) Translation of Immediate Report Bank Leumi le-Israel B.M. Registration No. 520018078 Securities of the Corporation are listed on The Tel Aviv Stock Exchange Abbreviated Name: Leumi Leumi House, 34 Yehuda Halevi Street, Tel Aviv 65546 Phone: + 972 3 5148111, + 972 3 5149419; Facsimile: + 972 3 5149732 Electronic Mail: [email protected] 19 August 2007 To: Israel Securities Authority (www.isa.gov.il) The Tel Aviv Stock Exchange (www.tase.co.il) Immediate Report regarding an Event or Matter falling outside the Ordinary Course of Business of the CorporationPursuant to Regulation 36(a) of the Securities (Periodic and Immediate Reports) Regulations, 1970 Nature of the Event: Arab Israel Bank - Half Yearly Report Bank Leumi le-Israel B.M. (the "Bank") announces that a subsidiary of the Bank,Arab Israel Bank Ltd. ("Arab Israel Bank") today published its unauditedfinancial statements for the first half of 2007. Net profit of Arab Israel Bank amounted to NIS 47.1 million in the first half of2007, compared with net profit of NIS 32.3 million in the corresponding periodof 2006 - an increase of 45.8%. Net return on shareholders' equity for the reporting period amounted to 28.3% onan annual basis, compared with 20.1% in the corresponding period in 2006. Net interest income before provision for doubtful debts amounted to NIS 104.7million in the reporting period, compared with NIS 98.8 million in thecorresponding period in 2006 - an increase of 6.0%. Provision for doubtful debts amounted to NIS 3.2 million in the reportingperiod, compared with NIS 4.3 million in the corresponding period in 2006 - adecrease of 25.6%. Operating and other income amounted to NIS 46.2 million in the reporting period,compared with NIS 40.2 million in the corresponding period in 2006 - an increaseof 14.9%. Total income of Arab Israel Bank (less the provision for doubtful debts)amounted to NIS 147.7 million in the reporting period, compared with NIS 134.7million in the corresponding period in 2006 - an increase of 9.7%. Date and time at which the corporation first became aware of the event ormatter: 19 August 2007 at 8:30.___________________________________________________________________________Name of Electronic Reporter: Jennifer Janes, Position: Executive Vice President,Group SecretaryPOB 2 Tel Aviv 61000, Phone: + 972 3 5149419, Facsimile: + 972 3 5149732,Electronic Mail: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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