4th Mar 2008 14:32
Leumi International Investments NV04 March 2008 BANK LEUMI LE-ISRAEL B.M. - (GUARANTOR - GUARANTEED EURO MEDIUM TERM NOTE PROGRAMME OF LEUMI INTERNATIONAL INVESTMENTS N.V.) Summary 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] 4 March 2008 To: Israel Securities Authority (www.isa.gov.il) The Tel Aviv Stock Exchange (www.tase.co.il) Immediate Report Nature of the Event: Leumi Card - Financial Statements Bank Leumi le-Israel B.M. announces that a subsidiary of the Bank, Leumi CardLtd., today published its financial statements for 2007. - Net profit amounted to NIS 104 million in 2007, an increase of 27% comparedwith 2006. - Net profit for the fourth quarter of 2007 amounted to NIS 29 million, anincrease of 21% compared with the corresponding period in 2006. - Total income in 2007 amounted to NIS 680 million, an increase of 16% comparedwith 2006. Total income in the fourth quarter of 2007 amounted to NIS 184million, an increase of 15% compared with the corresponding quarter in 2006. - Total consolidated assets reached some NIS 6 billion on 31 December 2007, anincrease of 18% compared with some NIS 5 billion on 31 December 2006. - The aggregate net number of valid cards reached 1.48 million, an increase of14% compared with 2006 (1.5 million at the end of February 2008). The number ofactive cards reached 1.26 million (85% of valid cards), an increase of 13.5%compared with 2006. Of total cards, some 188,000 were MasterCard cards (18% oftotal cards, an increase of 9%), with the remaining some 1.3 million cards beingVisa cards. - The number of non-bank affiliated cards amounted to some 280,000 (19% of allcards), an increase of 69% compared with 2006, of which 209,000 cards wererevolving credit cards bearing the "Multi" brand. The number of active non-bankaffiliated cards reached some 229,000 (18% of all valid cards), an increase of78% compared with 2006. - During 2007, the scope of Leumi Card's non-bank credit increased by 45%compared with 2006, and reached NIS 1.37 billion. - Profit from net interest income amounted to NIS 55 million, an increase of 53%compared with 2006, and arises from an increase of 42% in interest income fromcredit to private customers to NIS 51 million, and an increase of 48% ininterest income from commercial credit to NIS 37 million. Profit from credit inthe field of issuing increased by 100% and amounted to NIS 26 million, whileprofit from acquiring increased by 31% to NIS 21 million. Date and time at which the corporation first became aware of the event ormatter: 4 March 2008 at 13:30.___________________________________________________________________________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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