Union Bank of Israel Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported revenue from interest of ILS 410 million against ILS 404 million for the same period a year ago. Net revenue from interest was ILS 175 million against ILS 169 million a year ago. Profit before taxation was ILS 21 million against ILS 35 million for the same period a year ago. Net profit attributed to shareholders of the bank was ILS 21 million or ILS 0.28 per basic and full diluted share against net profit attributed to shareholders of the bank of ILS 35 million or ILS 0.47 per basic and full diluted share for the same period a year ago.

For the six months, the company reported revenue from interest of ILS 758 million against ILS 741 million for the same period a year ago. Net revenue from interest was ILS 335 million against ILS 329 million a year ago. Profit before taxation was ILS 85 million against ILS 120 million for the same period a year ago. Net profit attributed to shareholders of the bank was ILS 56 million or ILS 0.76 per basic and full diluted share against net profit attributed to shareholders of the bank of ILS 74 million or ILS 1.00 per basic and full diluted share for the same period a year ago.