27th Nov 2007 09:20
Leumi International Investments NV27 November 2007 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] 27 November 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: 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 firstnine months of 2007. - Net profit amounted to NIS 75 million in the first nine months of 2007, an increase of 29% compared with the corresponding period in 2006. - Net profit for the third quarter of 2007 amounted to NIS 32 million, an increase of 60% compared with the corresponding period in 2006. - Total income in the first nine months of 2007 amounted to NIS 496 million, an increase of 17% compared with the corresponding period in 2006. Total income in the third quarter of 2007 amounted to NIS 179 million, an increase of 20% compared with the corresponding quarter in 2006. - During the first nine months of 2007, the scope of Leumi Card's credit increased by 49% compared with the corresponding period in 2006, and reached NIS 1.24 billion. - The aggregate number of cards reached 1.46 million, an increase of 18% compared with the corresponding period in 2006. - The number of non-bank affiliated cards amounted to 267,000, an increase of 121% compared with the corresponding period in 2006. - Total assets reached NIS 5.9 billion on 30 September 2007, an increase of 22% compared with the corresponding period in 2006. - Net interest income amounted to NIS 38 million, an increase of 52% compared with the corresponding period in 2006, and is explained by an increase of 113% in credit to private customers to NIS 17 million, and an increase of 45% in commercial credit (including deductions and advance payments) to NIS 16 million. Scope of activity of Leumi Card cardholders in the first nine months of 2007amounted to NIS 27.4 billion, an increase of 16% compared with the correspondingperiod in 2006 (data of the Central Bureau of Statistics for the credit cardsector indicate an increase of some 11% in this period). The scope of clearing for businesses reached NIS 26.8 billion, an increase of14% compared with the corresponding period in 2006. The number of businessesdecreased as compared with the previous quarter and reached 40,000, althoughsome 3,500 new businesses joined MasterCard clearing, in addition to theexisting Visa clearing services. Date and time at which the corporation first became aware of the event ormatter: 26 November 2007 at 15:00.___________________________________________________________________________ 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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