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31/12/2011 Overview. 2 Net Operating Earnings and ROE NIS Millions 8.6% 9.7% 1.5% 12.6% 8.0%

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Presentation on theme: "31/12/2011 Overview. 2 Net Operating Earnings and ROE NIS Millions 8.6% 9.7% 1.5% 12.6% 8.0%"— Presentation transcript:

1 31/12/2011 Overview

2 2 Net Operating Earnings and ROE NIS Millions 8.6% 9.7% 1.5% 12.6% 8.0%

3 The deepening of the crisis in the financial markets has had a substantial effect on the results of the third quarter and the first nine months of NIS Millions (Net) (76)Provisions for impairments in securities portfolio (12)Provisions for doubtful debts (36)Effect of the losses on severance pay funding (124) Total effect of the crisis on profits and losses 20 Fair value of ALM derivatives : the effect of the gap between measuring the results of the derivative instruments on a fair value basis in comparison with measuring results in balance sheet financial activities on an accrual basis 3

4 Statements of income NIS Millions change (24) 2,205 2,181 Net interest income before provision for doubtful debts (80) 80N.A Of which : Recovery of loan losses 562,125 2,181 Net interest income before provision and after recovery 22 (115)(93) Provision for doubtful debts (80) 80N.A Of which : Recovery of loan losses (52)1,4371,385 Operating commissions (52)13(39) Income from investment in shares (& dividend) (11)3322 Other income (31)(2,774)(2,805) Operating & other expenses (148) Operating earnings before tax 133 (335)(202) taxation Exterior share holders Net earnings (58) 4

5 Change ,125*2,181 Net interest income before provision for doubtful debts (30)14(16) excluding: Hedging of volatility in provision for taxes 862,111*2,197 Net interest income before provision for doubtful debts (excluding: Hedging of volatility in provision for taxes) 31(78)(47) excluding: fair value of ALM derivatives 552,189*2,244 Net interest income before provision for doubtful debts (excluding: Hedging of volatility in provision for taxes and fair value of ALM derivatives) Excluding recovery* Net interest income before provision for doubtful debts 2011 – 2010 NIS Millions 5

6 Total Income 50% of the revenues are from the private and the personal segments small business 2% Deposits from the Public Income & Assets according to segments Credit to the public 6

7 Efficiency Ratio: Total Income to Total Expenses 132.9% 129.6% 126.5% 124.2% Operating Expenses Total Income % Operating Expenses / Total Income % Adjusted Operating Expenses / Total Income * *Expenses excluding severance pay fund effects, special provisions ; Net interest income excluding gains/losses from sale and writedown of available for sale bonds, hedging of volatility in provision for taxes, interest income charged on problem loans and effect of reconciliations to fair value of ALM derivatives ; Operating income excluding dividend, realization or decline in value of shares and severance pay fund gains; 7

8 Operating & Other Expenses (NIS Millions) 5.02% % % % - Goodwill % + 8

9 Deposits from the Public 81.4 NIS Billion Deposits to Credit Ratio Liquid Assets to Deposits Ratio Capital Adequacy Basel II Tier 1 Capital Adequacy Credit to the Public 65.0 NIS Billion Gov. & Bank Deposits 1.4 NIS Billion 8.48% 125.3% 33.1% 41.5% Of capital available for Investments State of Israel Bonds: 8.5 NIS Billion Deposits-Bank of Israel: 15.8 NIS Billion Sovereigns Bonds: 0.8 NIS Billion Deposits in Banks: 2.7 NIS Billion Banks Bonds: 1.2 NIS Billion NIS+foreign Corporate Bonds: 0.8 NIS Billion Structure Products, Hedge Funds & Stocks:0.8 NIS Billion Market Risks in VAR Terms: (0.05) NIS Billion Capital Notes 5.0 NIS Billion Capital available for Investments 4.0 NIS Billion 13.10%  12.38% backed with cash, deposits & state of Israel bonds FIBI Strategic Assets & liabilities structure NIS Millions 9

10 Total Assets, Deposits & Credit NIS Billions Credit to the public Public Deposits Equity Assets NIS Billions $ Billions 10

11 Composition of Total Proprietary Trading Book Composition Composition volume volume %78% 10,6169,259 Government bonds & Secured by Government bonds 85%92% מזה: אג"ח ממשלת ישראל 17%11%2,6951,242 Commercial Banks bonds 6%5% Shares 10%7%1, Other Of which: Fx Corporate Bonds Of which: NIS Corporate Bonds 100% 15,80211,872 Total NIS Millions Government bonds & Secured by Government bonds 78% Total 123Spain 81Italy 0Portugal 0Greece 0Irekand NIS Millions 11 PIIGS Exposure

12 14.30% 14.57% 13.42% Capital Adequacy Ratio Basel II Tier 2 FIBI Tier 1 4 top Banks in Israel * * * * ** -1.3 *הבינלאומי נכון ל-31/12, המערכת נכון ל-30/ % 12

13 Provision for Doubtful Debts to Credit to the Public Ratio Other 4 Leading Banks FIBI 13

14 Changes in Net Profit - Subsidiaries NIS Millions ROEChange % 159.2% % (16.5%) % 48.7% % 13.8%


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