Discount Group: Improvement in the bank's business - Profit of NIS 893 million in Q3

Discount Group, managed by Uri Levin, publishes the financial statements for the third quarter of 2022, which show an improvement in the bank's business results: the net profit in the third quarter of the year amounted to NIS 893 million, i.e. - an increase of 23.7% compared to the corresponding quarter last year. The return on capital in the third quarter of the year also improved and reached a rate of 15.0%, compared to 13.8% in the corresponding quarter last year.
The net profit in the first nine months of the year amounted to NIS 2.56 billion, which represents an increase of 13.9% compared to the corresponding period last year. A slight improvement was also recorded in the return on capital in the first nine months of the year and it reached a rate of 15.0% compared to 14.9% in the corresponding period last year.
Strong reports for Discount: net profit in the third quarter - NIS 893 million
In the area of ​​credit, Discount has grown since the beginning of the year by 11% overall, by 17.6% in mortgages and by 15% in credit for small and medium businesses.
Uri Levin, CEO of the Discount Group: "Even in this quarter, the Discount Group is showing excellent performance that reflects the strength of the bank and the group. We continue with the determined and successful implementation of the multi-year strategic plan. The strength of Discount is especially significant in this period when signs of an economic slowdown are visible in the economy. Even looking ahead, we will continue to create competition in th