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Article: FIBI Q2 net profit rises 16% to NIS 102m.

Article from:
Jerusalem Post
Article date:
August 18, 2005
Author:
Copyright

YIGAL GRAYEFF
Jerusalem Post
08-18-2005
Headline: FIBI Q2 net profit rises 16% to NIS 102m.
Byline: YIGAL GRAYEFF
Edition; Daily
Section: Economics
Page: 17

Thursday, August 18, 2005 -- Second-quarter net profit at First International Bank of Israel (FIBI) rose 16%, boosted by the purchase of UBank, an increase in earnings from financing operations, and a rise in operating revenue.

The bank said on Wednesday that in the three months ending June 30, net profit rose to NIS 102m. from NIS 88m. in the same period a year earlier while income from financing operations before provisions for doubtful debt climbed to NIS 406m. from NIS 382m. Return on equity rose to 11.2% from 10.4%.

Provisions for ...

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