21st Aug 2007 13:14
Leumi International Investments NV21 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] 21 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 Corporation Pursuant to Regulation 36(a) of the Securities (Periodic and Immediate Reports) Regulations, 1970 Nature of the Event: Leumi Card - Financial Statements Bank Leumi le-Israel B.M. (the "Bank") announces that a subsidiary of the Bank,Leumi Card Bank Ltd., today published its financial statements for the firsthalf of 2007. - Net profit amounted to NIS 43 million in the first half of 2007, an increase of 13% compared with the corresponding period in 2006. - Profit for the second quarter of 2007 amounted to NIS 26 million, an increase of 24% compared with the corresponding period in 2006. - Total income in the first half of 2007 amounted to NIS 317 million, an increase of 15% compared with the corresponding period in 2006. - The scope of Leumi Card's credit increased by 48% compared with the corresponding period in 2006, and reached NIS 1.08 billion. - The overall number of cards reached 1.4 million cards, an increase of 16% compared with the corresponding period in 2006. - The number of non-bank affiliated cards amounted to 241,000 cards, an increase of 137% compared with the corresponding period in 2006. Scope of activity of Leumi Card cardholders in the first half of the yearamounted to NIS 17.4 billion, an increase of 13% compared with the correspondingperiod in 2006 (data of the Central Bureau of Statistics for the credit cardsector indicate an increase of some 10% in this period). The scope of clearing for businesses reached NIS 17.1 billion, an increase of12% compared with the corresponding period in 2006. A significant increase wasrecorded with the addition of some 2,000 businesses to MasterCard clearing,following the opening of the market to competition in this regard. The totalnumber of businesses clearing with Leumi Card increased by 5% to 41,000. Total assets reached NIS 5.35 billion, an increase of 19% compared with thecorresponding period in 2006. Net interest income amounted to NIS 23 million, an increase of 53% compared withthe corresponding period in 2006, and is explained by an increase of 49% incredit to private customers to NIS 539 million, and an increase of 48% incommercial credit (including deductions and advance payments) to NIS 540million. Date and time at which the corporation first became aware of the event ormatter: 21 August 2007 at 11:00.___________________________________________________________________________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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