Bank Yahav: net interest income in the fourth quarter of 2021 of NIS 193.3 million

Bank Yahav, controlled by Mizrahi Tefahot reports net interest income in the fourth quarter of 2021 of NIS 193.3 million, compared with NIS 191.6 million in the corresponding period last year. Credit loss expenses in the quarter amounted to NIS 1.2 million, compared with NIS 0.1 million in the corresponding period last year.
Non-interest income amounted to NIS 49.8 million, compared with NIS 40.4 million in the corresponding period last year, an increase of about 23%. The increase was mainly due to the participation in revenues from credit card companies due to an increase in the activity cycles of customers against the background of the recovery of consumer activity in the economy.
Net income in the fourth quarter of 2021 amounted to NIS 55.2 million, compared with NIS 53.3 million in the corresponding period last year, an increase of approximately 4%.
The return on equity in the fourth quarter was 12.3%, compared with 13.2% in the corresponding period last year and 11.2% in 2021 as a whole.
The bank's balance sheet at the end of 2021 was NIS 33.76 billion, compared with NIS 33.46 billion, an increase of 1%. Net credit to the public as of December 31, 2021 amounted to NIS 11.3 billion, compared with NIS 10.57 billion in December 2020, an increase of approximately 5%.
Deposits from the public amounted to NIS 30 billion, compared with NIS 29.3 billion in December 2020, an increase of 2%.
The bank's equity stands at NIS 1.9 billion, compared with NIS 1.7 billion in December 2020, an increase of about 11%.
 Operating and other expenses amounted to NIS 157.7 million, compared with NIS 151.1 million in the corresponding period last year, an increase of approximately 4%. The total capital ratio for risk components as of December 31, 2021 stands at 13.49% compared to 12.76% on December 31, 2020.
The Tier 1 equity ratio for risk components as of December 31, 2021 stands at 9.85% compared to 9.44% as of December 31, 2020.