Israel Discount Bank Announces Q2/2012 Financial Results

Israel Discount Bank Announces Q2/2012 Financial Results PR Newswire TEL-AVIV, Israel, August 30, 2012 TEL-AVIV, Israel, August 30, 2012 /PRNewswire/ -- Q2 Net Income - NIS 165 million compared to NIS 229 million in Q2/2011, a decrease of 27.9%. Excluding the provision for impairment of the Bank's investment in the shares of the First International Bank, Net income in Q2/2012 amounted to NIS 238 million, an increase of 3.9% compared to Q2/2011. Q2 Net Return on Equity attributable to the Bank's Shareholders - 6.1% compared to 9.3% in Q2/2011. Excluding the provision for impairment of the Bank's investment in the shares of the First International Bank, the Net Return on Equity in Q2/2012 would have reached 8.9% on an annual basis. H1/2012 Net Income - NIS 412 million compared to NIS 507 million in H1/2011, a decrease of 18.7%. Excluding the provision for impairment of the Bank's investment in the shares of the First International Bank, the Net Income in H1/2012 would have amounted to NIS 485 million, a decrease of 4.3% H1 Net Return on Equity attributable to the Bank's Shareholders - 7.7% compared to 10.2% in H1/2011, and compared to 8.2% for the whole of 2011. Excluding the provision for impairment of the Bank's investment in the shares of the First International Bank, the Net Return on Equity in H1/2012 would have reached 9.1%. Ratio of Capital to Risk Assets- 14.1%, Core Capital Ratio - 8.