Israel Discount Bank Ltd.

Investor Presentation • Aug 11, 2022

2Q 22 REVIEW

Investor Relations

August 11, 2022

Disclaimer:

st This document has been prepared by Israel Discount Bank Ltd. (the "Bank") solely for use by the Bank in its presentation of its 1 quarter 2022 st report, as well as in strategic updates referred to in the Bank's reports. This presentation is not a substitute for the Bank's 1 quarter financial statements which include the full financial information including forward-looking Information. The English version of the financial statements are available on the Bank's investor relations website at www.investors.discountbank.co.il

This presentation includes forward-looking information, as defined in the Israeli Securities Law, 5728 - 1968. Such information includes, among other things, projections, objectives, estimates and assessments of the Bank, which relate to future events or issues, the occurrence of which is not certain and is outside the control of the Bank. Forward-looking information does not constitute proven, factual information, and is based solely on the viewpoint of the Bank's management, which is based, among other things, on analysis of general information that is known to the Bank's management as of the date of this presentation. Forward-looking information, by definition, is subject to the substantial risk of not coming to fruition, and such information is not definite and cannot be estimated in advance and is at times even beyond the Bank's control. The fulfillment of forward-looking information is impacted by risk factors that are characteristic of the Bank's activities and also by developments in the general environment and external factors that affect the Bank's operations, which cannot be estimated in advance and that by their nature are beyond the control of the Bank. Therefore, readers of this presentation are hereby warned that the results and achievements of the Bank in the future may be significantly different than those presented in the forward-looking information included in this presentation. Similarly, forward-looking projections and estimations are based on assumptions and information in the possession of the Bank as of the time of the presentation, and the Bank shall not be required to update or revise any such projection or estimation in order to reflect events or conditions that transpire after the date of the presentation.

Disclaimer regarding unsponsored American Depository Receipt (ADR):

U.S. depository institutions or banks may establish ADR programs in respect of the shares of certain non-U.S. issuers without the consent or participation of such issuers (the so called "Unsponsored ADRs"(. An ADR or American Depositary Receipt, which is issued by a U.S. bank or depository to evidence a share of a non-U.S. issuer that has been deposited with the U.S. bank or depository. An Unsponsored ADR program is set up without the cooperation of the non-U.S. issuer or even without its consent. Israel Discount Bank does not support or encourage the creation of Unsponsored ADR programs in respect of its securities and, in any event, disclaims any liability in connection with an Unsponsored ADR.

Israel Discount Bank makes no representation regarding its compliance with Rule 12g3-2(b) of the U.S. Securities Exchange Act of 1934, as amended.

Opening Remarks and Financial Review

Barak Nardi, CFO

STRONG UNDERLYING PERFORMANCE ACROSS THE KEY INDICATORS

YoY CREDIT GROWTH 16.4%

EFFICIENCY RATIO

59.2%

YoY MORTGAGE ORIGINATION GROWTH

2Q AND 1H 2022 HIGHLIGHTS

• Net income of 680m and ROE of 11.8% supported by increase in revenues from core banking activity, which outpace the growth in operating expenses, leading to improving cost income ratio of 59.2%.
• Leverage of NIS 1.4 billion equity raise into NIS 14.8 billion credit growth (6.7% QoQ).
• Focus on key segments: Mortgage balance grew by 28.9% and medium enterprises balance grew by 22.0% YoY. We took advantage of a market opportunity and grew in corporate credit by 10.3% QoQ.
• Net interest income grew by 23% YoY supported by credit growth and NIM improving to 2.63%
• Conservative management of credit portfolio: Credit Loss Expenses Ratio stood at 0.23% largely due to increase in credit growth, changes in macro assumptions, partially offset by improvement in the quality of our loan book.
• Dividend payout of NIS 136m; 20% of 2Q 22 net income

2 2 Q 2	Net Income	ROE	Cost-Income Ratio	Credit Loss Expenses Ratio	2 2 H 1	Net income	ROE	Cost-Income Ratio	Credit Loss Expenses Ratio 0.06% 1H21: (-0.56%)
	NIS 680m 1Q22: NIS 983 m; 2Q21: NIS 860 m	11.8% 1Q22: 18.3%; 2Q21: 17.2%	59.2% 1Q22: 55.3%; 2Q21: 62.9%	0.23% 1Q22: (0.11%) 2Q21: (0.82%)		NIS 1,663m 1H21: NIS 1,522 m	14.9% 1H21: 15.5%	57.2% 1H21: 64.0%

WE EXPECT TO BENEFIT FROM MIXED IMPACT OF MACRO ENVIRONMENT

LEVERAGE OF NIS 1.4 BN EQUITY RAISE TO RESPONSIBLE AND PROFITABLE NIS 14.8 BN CREDIT GROWTH

GROWTH IN NET INTEREST INCOME AND IN FEES HIGHLIGHT THE STRENGTH OF OUR CORE BUSINESS

8 * Adjusted for certain items presented on slide 21 ** As calculated ***

DISCIPLINED COST MANAGEMENT AND INCREASE IN INCOME LED TO IMPROVING COST INCOME RATIO

HIGH QUALITY LOANS AND CONSERVATIVE UNDERWRITING PRODUCE SOLID CREDIT METRICS

10 *NPL: percent of non accrual and 90 days and above past due from gross total credit **NPL coverage: percent of loan loss provision from non accrual and 90 days and above past due credit *** Net write-offs: as percent of avg. balance of credit on an accumulated basis

MERCANTILE: ROBUST CREDIT GROWTH DELIVERS STRONG NET INCOME AND ROE

• Strong ROE of 15.5% and net income of NIS 144 million were driven by credit growth and carefully managed expenses.
• 17.6% YoY loan book growth was mainly driven by significant growth across all segments. Mortgages increased by 32.9%, Commercial by 21.6% Small enterprises increased by 11.5% and Consumer by 8.7%.
• Total income from core banking activity grew by 5.7% YoY and expenses slightly increased. Overall Cost Income ratio declined to 49.1%.

42.0

42.0

4.7%

17.6%

2Q22

IDBBANK: HIGHER NET INTEREST MARGINS AND NEGATIVE LLP LED TO SOLID RESULTS

• IDBNY solid net income of \$29.7 million is driven by 26.7% increase in net interest income, 12.7% annual credit growth, and release of provisions.
• Net interest income growth was driven primarily by 26 bps increase in net interest margin, following a series of Fed rate hikes, which outpaced the deposits costs.
• 2Q22 produced another release of provision for credit losses of \$2.3 million vs. a release of \$6.6m in 1Q 22. Credit quality remains strong largely due to an improvement in classified loans.

CAL: A STRONG QUARTER ACROSS ALL INDICATORS; CONTINUE LEADING INNOVATION

CAL produced robust net income of NIS 81 million and 14.6% ROE.

• The results were supported by 20.8% increase in consumer credit, 18.2% increase in credit cards transaction turnover and 6.2% increase in active cards.
• CAL's payments platform won 2 global Fintech Futures Payments Awards.

OUR 5-YEAR STRATEGIC PLAN ENABLES US TO ACHIEVE AMBITIOUS TARGETS…

OUR STRATEGIC GOAL IS TO BE THE BEST FINANCIAL INSTITUTION FOR OUR CUSTOMERS AND TO DELIVER SUPERIOR VALUE TO OUR SHAREHOLDERS

… WHILE INCREASING RATES ALLOW US TO ACCELERATE THE PACE TOWARDS REACHING OUR 2025 TARGETS

TO SUMMARIZE

We delivered strong 2Q22 results, which reflect continuous execution of our strategic initiatives, while at this stage we only partially benefitted from rising interest rates.

We leveraged NIS 1.4 billion equity raise to NIS 14.8 credit growth (6.7% QoQ), focusing on our targeted sectors: mortgages and medium enterprises which grew 28.9% and 22.0% YoY respectively. We took advantage of the market opportunity and grew in corporate credit by 10.3% QoQ.

We remain focused on increasing revenues from core banking activity and on tight costs control, leading us to improve cost income ratio to 59.2%.

Interest rate increases allows us to accelerate the pace towards reaching our NIS 3.5 billion Net Income, 12.5% ROE and 55% Cost Income Ratio targets.

Q&A

Barak Nardi, CFO Yossi Beressi, Chief Accountant

APPENDICES

ISRAEL DISCOUNT BANK: P&L AND SELECTED RATIOS

NIS m	2Q22	1Q22	2Q21	Vs. 1Q22	Vs. 2Q21	1H22	1H21	change
NIS m	2Q22	1Q22	2Q21	Vs. 1Q22	Vs. 2Q21	1H22	1H21	change
Net interest income	2,073	1,800	1,685	15.2%	23.0%	3,873	3,189	21.4%
Net interest income	2,073	1,800	1,685	15.2%	23.0%	3,873	3,189	21.4%
Credit loss expenses (expenses release) Credit loss expenses (expenses release)	131 131	-60 -60	-410 -410	-- - -	-- - -	71 71	-557 -557	-- - -
Non-interest financing income	-27	45	89	-160.0%	-130.3%	18	387	-95.3%
Non-interest financing income	-27	45	89	-160.0%	-130.3%	18	387	-95.3%
Commissions	851	825	785	3.2%	8.4%	1,676	1,509	11.1%
Commissions	851	825	785	3.2%	8.4%	1,676	1,509	11.1%
Other income Other income	0 0	416 416	1 1	-- - -	-- - -	416 416	12 12	-- - -
Total non-interest income	824	1,286	875	-35.9%	-5.8%	2,110	1,908	10.6%
Total non-interest income	824	1,286	875	-35.9%	-5.8%	2,110	1,908	10.6%
Total income	2,897	3,086	2,560	-6.1%	13.2%	5,983	5,097	17.4%
Total income	2,897	3,086	2,560	-6.1%	13.2%	5,983	5,097	17.4%
Salaries and related expenses	844	855	830	-1.3%	1.7%	1,699	1,631	4.2%
Salaries and related expenses	844	855	830	-1.3%	1.7%	1,699	1,631	4.2%
Maintenance & depreciation	307	303	308	1.3%	-0.3%	610	602	1.3%
Maintenance & depreciation	307	303	308	1.3%	-0.3%	610	602	1.3%
Other expenses	565	549	473	2.9%	19.5%	1,114	1,030	8.2%
Other expenses	565	549	473	2.9%	19.5%	1,114	1,030	8.2%
Total operating and other expenses	1,716	1,707	1,611	0.5%	6.5%	3,423	3,263	4.9%
Total operating and other expenses	1,716	1,707	1,611	0.5%	6.5%	3,423	3,263	4.9%
Income before taxes	1,050	1,439	1,359	-27.0%	-22.7%	2,489	2,391	4.1%
Income before taxes	1,050	1,439	1,359	-27.0%	-22.7%	2,489	2,391	4.1%
Prov Prov ision for taxes on income ision for taxes on income	371 371	447 447	493 493	-17.0% -17.0%	-24.7% -24.7%	818 818	846 846	-3.3% -3.3%
Income after taxes	679	992	866	-31.6%	-21.6%	1,671	1,545	8.2%
Income after taxes	679	992	866	-31.6%	-21.6%	1,671	1,545	8.2%
Net income attributable to shareholders	680	983	860	-30.8%	-20.9%	1,663	1,522	9.3%
Net income attributable to shareholders	680	983	860	-30.8%	-20.9%	1,663	1,522	9.3%
ROE ROE	11.8% 11.8%	18.3% 18.3%	17.2% 17.2%			14.9% 14.9%	15.5% 15.5%
Cost income ratio Cost income ratio	59.2% 59.2%	55.3% 55.3%	62.9% 62.9%			57.2% 57.2%	64.0% 64.0%
CET-1 ratio CET-1 ratio	10.16% 10.16%	10.55% 10.55%	10.28% 10.28%			10.16% 10.16%	10.28% 10.28%
NIM NIM	2.63% 2.63%	2.36% 2.36%	2.45% 2.45%			2.50% 2.50%	2.35% 2.35%
Rate of credit loss expenses Rate of credit loss expenses	0.23% 0.23%	-0.11% -0.11%	(0.82%) (0.82%)			0.06% 0.06%	-0.56% -0.56%
NPL ratio NPL ratio	0.84% 0.84%	0.70% 0.70%	0.89% 0.89%			0.84% 0.84%	0.89% 0.89%

1H22	1H21	change
3.873	3.189	21.4%
71	-557
18	387	-95.3%
1.676	1 ,509	11.1%
416	12
2.110	1.908	10.6%
5,983	5,097	17.4%
1.699	1.631	4.2%
610	602	1.3%
1.114	1.030	8.2%
3.423	3,263	4.9%
2.489	2.391	4.1%
818	846	-3.3%
1,671	1 .545	8.2%
1,663	1,522	9.3%
14.9%	15.5%
57.2%	64.0%
10.16%	10.28%
2.50%	2.35%
0.06%	-0.56%
0.84%	0.89%

* Dividend in respect of the relevant period

ISRAEL DISCOUNT BANK: ADJUSTED P&L & SELECTED RATIOS

NIS m NIS m	2Q22 2Q22	1Q22 1Q22	2Q21 2Q21	Vs. 1Q22 Vs 1Q22	Vs. 2Q21 Vs 2Q21	1H22 1H22	1H21 1H21	change change
Net interest income interest income Net	2,073 2 073 ,	1,800 800 1 ,	1,685 685 1 ,	15.2% 2% 15	23.0% 23 0%	3,873 3 873 ,	3,189 3 189 ,	21.4% 21 4%
Credit loss expenses (expense release) Credit loss expenses (expense release)	131 131	-60 -60	-410 -410	-- - -	-- - -	71 71	-557 -557	-- - -
Non-interest financing income Non-interest financing income	-27 -27	45 45	89 89	-- - -	-- - -	18 18	387 387	-95.3% -95 3%
Commissions Commissions	851 851	825 825	785 785	3.2% 3 2%	8.4% 8 4%	1,676 1 676 ,	1,509 1 509 ,	11.1% 11 1%
Other income Other income	0 0	8 8	1 1	-- - -	-- - -	8 8	12 12	-33.3% -33 3%
Total non-interest income Total non-interest income	824 824	878 878	875 875	-6.2% -6 2%	-5.8% -5 8%	1,702 1 702 ,	1,908 1 908 ,	-10.8% -10 8%
Total income Total income	2,897 2 897 ,	2,678 2 678 ,	2,560 2 560 ,	8.2% 8 2%	13.2% 13 2%	5,575 5 575 ,	5,097 097 5 ,	9.4% 9 4%
Salaries and related expenses Salaries and related expenses	844 844	855 855	830 830	-1.3% 3% -1	1.7% 7% 1	1,699 1 699 ,	1,631 1 631 ,	4.2% 2% 4
Maintenance & depreciation Maintenance depreciation &	307 307	303 303	289 289	1.3% 3% 1	6.2% 6 2%	610 610	583 583	4.6% 4 6%
Other expenses Other expenses	565 565	549 549	466 466	2.9% 9% 2	21.2% 2% 21	1,114 1 114 ,	908 908	22.7% 7% 22
Total operating and other expenses Total operating and other expenses	1,716 1 716 ,	1,707 1 707 ,	1,585 1 585 ,	0.5% 0 5%	8.3% 8 3%	3,423 3 423 ,	3,122 3 122 ,	9.6% 9 6%
Income before taxes before Income taxes	1,050 1 050 ,	1,031 1 031 ,	1,385 1 385 ,	1.8% 8% 1	-24.2% 2% -24	2,081 2 081 ,	2,532 2 532 ,	-17.8% 8% -17
Prov ision for taxes on income Prov ision for taxes on income	371 371	354 354	501 501	4.8% 4 8%	-25.9% -25 9%	725 725	893 893	-18.8% -18 8%
Income after taxes after Income taxes	679 679	677 677	884 884	0.3% 3% 0	-23.2% 2% -23	1,356 1 356 ,	1,639 1 639 ,	-17.3% 3% -17
Net income attributable to shareholders Net income attributable to shareholders	680 680	668 668	878 878	1.8% 1 8%	-22.6% -22 6%	1,348 1 348 ,	1,616 1 616 ,	-16.6% -16 6%
ROE ROE	11.8% 8% 11	12.4% 4% 12	17.5% 5% 17			12.1% 1% 12	16.4% 4% 16
Cost income ratio Cost income ratio	59.2% 59 2%	63.7% 63 7%	61.9% 61 9%			61.4% 61 4%	61.3% 61 3%
CET-1 ratio ratio CET-1	10.16% 16% 10	10.55% 55% 10	10.28% 28% 10
NIM NIM	2.63% 2 63%	2.36% 2 36%	2.45% 2 45%
Rate of credit loss expenses of credit Rate loss expenses	0.23% 23% 0	-0.11% 11% -0	(0.82%) (0 82%)
NPL ratio NPL ratio	0.84% 0 84%	0.70% 0 70%	0.89% 0 89%
Div idend per share (in Agurot) Div idend (in Agurot) per share	10.99 10 99	15.89 15 89	- -

1H22	1H21	change
3.873	3.189	21.4%
71	-557
18	387	-95.3%
1,676	1.509	11.1%
8	12	-33.3%
1.702	1.908	-10.8%
5.575	5,097	9.4%
1.699	1.631	4.2%
610	583	4.6%
1.114	908	22.7%
3.423	3,122	9.6%
2,081	2.532	-17.8%
725	893	-18.8%
1.356	1.639	-17.3%
1.348	1.616	-16.6%
12.1%	16.4%
61.4%	61.3%

* Dividend in respect of the relevant period

ISRAEL DISCOUNT BANK: ADJUSTMENTS TO P&L

	2Q22 2Q22	1Q22 1Q22	2Q21 2Q21	1H22 1H22	1H21 1H21
NIS m NIS m
net icome attributable to shareholders net icome attributable to shareholders	680 680	983 983	860 860	1663 1663	1522 1522
Income from real estate sale Income from real estate sale		-315 -315		-315 -315
early redemption of long term benefits early redemption of long term benefits			5 5		81 81
Cost associated with IDBNY change of headquarters location Cost associated with IDBNY change of headquarters location			13 13		13 13
net income after adjustments net income after adjustments	680 680	668 668	878 878	1348 1348	1616 1616

ISRAEL DISCOUNT BANK: SELECTED BALANCE SHEET ITEMS

NIS m NIS m	30.06.22 30 06 22	31.12.21 31 12 21	30.06.21 30 06 21
Cash and deposits with banks deposits with Cash and banks	63,449 63 449 ,	59,638 59 638 ,	47,405 47 405 ,
Securities Securities	45,256 45 256 ,	45,075 45 075 ,	48,226 48 226 ,
Credit to the public Credit to the public	235,510 235 510 ,	216,196 216 196 ,	202,258 202 258 ,
Prov ision for credit losses Prov ision for credit losses	-3,045 -3 045 ,	-3,040 -3 040 ,	-3,272 -3 272 ,
Credit to the public, net Credit to the public , net	232,465 232 465 ,	213,156 213 156 ,	198,986 198 986 ,
Credit to gov ernments Credit to ernments gov	2,607 2 607 ,	2,664 2 664 ,	3,217 3 217 ,
Inv estment in inv estee companies estment in inv estee companies Inv	493 493	462 462	345 345
Buildings and equipment Buildings and equipment	3,573 3 573 ,	3,401 3 401 ,	3,117 3 117 ,
Intangible assets and goodwill Intangible goodwill assets and	163 163	163 163	164 164
Assets in respect of deriv ativ e instruments in of deriv ativ instruments Assets respect e	11,023 11 023 ,	5,522 5 522 ,	4,670 4 670 ,
Other assets Other assets	5,392 5 392 ,	5,006 5 006 ,	4,604 4 604 ,
Total Assets Total Assets	364,421 364 421 ,	335,088 335 088 ,	310,734 310 734 ,
Deposits from the public Deposits from the public	283,423 283 423 ,	260,907 260 907 ,	240,691 240 691 ,
Deposits from banks and gov ernments Deposits from banks and ernments gov	14,884 14 884 ,	12,880 12 880 ,	15,578 578 15 ,
Securities borrowed or sold v ia repo agreements Securities borrowed sold ia agreements or v repo	1,946 946 1 ,
Bonds and subordinated debt notes Bonds and subordinated debt notes	13,863 13 863 ,	15,071 071 15 ,	11,203 203 11 ,
Liabilities in respect of deriv ativ e instruments Liabilities in respect of deriv ativ instruments e	9,303 9 303 ,	6,323 6 323 ,	4,876 4 876 ,
Other liabilities Other liabilities	16,909 16 909 ,	17,759 759 17 ,	17,040 040 17 ,
Total liabilities Total liabilities	340,328 340 328 ,	312,940 312 940 ,	289,388 289 388 ,
Equity capital attributed to the Bank's shareholders Equity capital attributed to the Bank's shareholders	23,490 23 490 ,	21,483 21 483 ,	20,704 20 704 ,
Non-controlling rights in consolidated companies Non-controlling rights in consolidated companies	603 603	665 665	642 642
Total equity equity Total	24,093 24 093 ,	22,148 22 148 ,	21,346 21 346 ,
Total Liabilities and Equity Total Liabilities and Equity	364,421 364 421 ,	335,088 335 088 ,	310,734 310 734 ,

* Including securities borrowed or purchased under agreements to resell

MERCANTILE: FINANCIAL PERFORMANCE

Main P&L and Balance Sheet metrics and selected ratios

NIS m NIS m	2Q22 2Q22	1Q22 1Q22	2Q21 2Q21	Vs. 1Q22 1Q22 Vs	Vs. 2Q21 2Q21 Vs	1H22 1H22	1H21 1H21	change change
Net interest income Net interest income	414 414	359 359	335 335	15.3% 15 3%	23.6% 23 6%	773 773	641 641	20.6% 20 6%
Credit loss expenses (expenses release) Credit (expenses release) loss expenses	36 36	25 25	-73 -73	44.0% 0% 44	-- - -	61 61	-82 -82	-- - -
Non-interest income Non-interest income	89 89	89 89	141 141	0.0% 0% 0	-36.9% 9% -36	178 178	296 296	-39.9% 9% -39
Total income Total income	503 503	448 448	476 476	12.3% 12 3%	5.7% 7% 5	951 951	937 937	1.5% 5% 1
Operating & other expenses Operating other & expenses	247 247	241 241	241 241	2.5% 2 5%	2.5% 2 5%	488 488	484 484	0.8% 0 8%
Net income income Net	144 144	121 121	201 201	19.0% 0% 19	-28.4% 4% -28	265 265	351 351	-24.5% 5% -24
Return on equity equity Return on	15.5% 5% 15	12.9% 9% 12	23.9% 9% 23			14.2% 2% 14	21.3% 3% 21
Cost-income ratio Cost-income ratio	49.1% 49 1%	53.8% 53 8%	50.6% 50 6%			51.3% 3% 51	51.7% 7% 51
Rate of credit loss expenses Rate of credit loss expenses	0.36% 0 36%	0.30% 0 30%	(0.84%) (0 84%)			0.30% 0 30%	-0.48% -0 48%
NIM NIM	2.86% 2 86%	2.51% 2 51%	2.74% 2 74%			2.68% 2 68%	2.64% 2 64%
Total assets Total assets	63,081 63 081 ,	60,900 60 900 ,	52,952 52 952 ,	3.6% 6% 3	19.1% 1% 19
Credit to the public, net Credit the public to , net	41,306 41 306 ,	39,494 39 494 ,	35,083 35 083 ,	4.6% 4 6%	17.7% 7% 17
Securities Securities	7,001 001 7 ,	7,035 035 7 ,	6,566 6 566 ,	-0.5% -0 5%	6.6% 6 6%
Deposits from the public Deposits from the public	49,466 49 466 ,	48,881 48 881 ,	41,575 41 575 ,	1.2% 1 2%	19.0% 19 0%
Total equity equity Total	3,777 3 777 ,	3,691 3 691 ,	3,539 3 539 ,	2.3% 3% 2	6.7% 7% 6

1H22	1H21	change
773	641	20.6%
61	-82
178	296	-39.9%
951	937	1.5%
488	484	0.8%
265	351	-24.5%
14.2%	21.3%
51.3%	51.7%
0.30%	-0.48%
2.68%	2.64%

IDBBANK: FINANCIAL PERFORMANCE

Main P&L and Balance Sheet metrics and selected ratios

USD m USD m	2Q22 2Q22	1Q22 1Q22	2Q21 2Q21	Vs. 1Q22 Vs. 1Q22	Vs. 2Q21 Vs. 2Q21	1H22 1H22	1H21 1H21	change change
Net Interest Income Net Interest Income	79 79	72 72	63 63	9.7% 9.7%	25.4% 25.4%	151 151	122 122	23.8% 23.8%
Credit Loss Expenses Credit Loss Expenses	-2 - 2	-7 - 7	-8 - 8	-71.4% -71.4%	-75.0% -75.0%	-9 - 9	9 9	-200.0% -200.0%
Non-Interest Income Non-Interest Income	20 20	18 18	21 21	11.1% 11.1%	-4.8% -4.8%	38 38	44 44	-13.6% -13.6%
Total Income Total Income	99 99	90 90	84 84	10.0% 10.0%	17.9% 17.9%	189 189	166 166	13.9% 13.9%
Operating & Other Expenses Operating & Other Expenses	62 62	58 58	59 59	6.9% 6.9%	5.1% 5.1%	120 120	111 111	8.1% 8.1%
Net Income Net Income	29 29	28 28	25 25	3.6% 3.6%	16.0% 16.0%	57 57	35 35	62.9% 62.9%
Return on Equity Return on Equity	10.8% 10.8%	9.7% 9.7%	8.7% 8.7%			10.3% 10.3%	6.1% 6.1%
Cost-Income Ratio Cost-Income Ratio	62.6% 62.6%	63.4% 63.4%	70.2% 70.2%			63.5% 63.5%	66.9% 66.9%
Credit Loss Expenses ratio Credit Loss Expenses ratio	-0.10% -0.10%	-0.31% -0.31%	-0.46% -0.46%			-0.21% -0.21%	0.24% 0.24%
NIM NIM	2.62% 2.62%	2.34% 2.34%	2.38% 2.38%			2.48% 2.48%	2.33% 2.33%
Total Assets Total Assets	12,604 12,604	12,980 12,980	11,431 11,431	-2.9% -2.9%	10.3% 10.3%
Loans, net Loans, net	8,608 8,608	8,564 8,564	7,586 7,586	0.5% 0.5%	13.5% 13.5%
Securities Securities	2,607 2,607	2,804 2,804	2,827 2,827	-7.0% -7.0%	-7.8% -7.8%
Deposits from the Public Deposits from the Public	10,821 10,821	11,301 11,301	9,812 9,812	-4.2% -4.2%	10.3% 10.3%
Total Equity Total Equity	1,094 1,094	1,116 1,116	1,168 1,168	-2.0% -2.0%	-6.3% -6.3%

1H22	1H21	change
151	122	23.8%
-9	ರಿ	-200.0%
38	44	-13.6%
189	1 66	13.9%
120	111	8.1%
57	35	62.9%
10.3%	6.1%
63.5%	66.9%
-0.21%	0.24%
2.48%	2.33%

CAL: FINANCIAL PERFORMANCE

Main P&L and Balance Sheet metrics and selected ratios

NIS m NIS m	2Q22 2Q22	1Q22 1Q22	2Q21 2Q21	Vs. 1Q22 Vs. 1Q22	Vs. 2Q21 Vs. 2Q21	1H22 1H22	1H21 1H21	change change
Income From Credit Card Transactions Income From Credit Card Transactions	412 412	377 377	346 346	9.3% 9.3%	19.1% 19.1%	789 789	663 663	19.0% 19.0%
Net Interest Income Net Interest Income	172 172	160 160	133 133	7.5% 7.5%	29.3% 29.3%	332 332	262 262	26.7% 26.7%
Credit Loss Expenses (Expenses Release) Credit Loss Expenses (Expenses Release)	27 27	- -1 1	-15 -15	- -- -	- -- -	26 26	-19 -19	- -- -
Non-Interest Financing Income Non-Interest Financing Income	31 31	17 17	- -1 1	82.4% 82.4%	-3200.0% -3200.0%	48 48	- -- -	- -- -
Total Income Total Income	615 615	554 554	478 478	11.0% 11.0%	28.7% 28.7%	1169 1169	925 925	26.4% 26.4%
Total Expenses (excluding credit loss expenses) Total Expenses (excluding credit loss expenses)	475 475	440 440	383 383	8.0% 8.0%	24.0% 24.0%	915 915	747 747	22.5% 22.5%
Net income Net income	81 81	80 80	79 79	1.3% 1.3%	2.5% 2.5%	161 161	139 139	15.8% 15.8%
Return on equity Return on equity	14.6% 14.6%	14.3% 14.3%	16.7% 16.7%			14.4% 14.4%	14.6% 14.6%
Cost-income ratio Cost-income ratio	77.2% 77.2%	79.4% 79.4%	80.1% 80.1%			78.3% 78.3%	80.8% 80.8%
Total assets Total assets	17,698 17,698	16,867 16,867	19,501 19,501	4.9% 4.9%	-9.2% -9.2%
Interest bearing credit Interest bearing credit	7,520 7,520	7,188 7,188	6,079 6,079	4.6% 4.6%	23.7% 23.7%
Consumer credit Consumer credit	6,414 6,414	6,180 6,180	5,030 5,030	3.8% 3.8%	27.5% 27.5%
Total equity Total equity	2,057 2,057	2,305 2,305	2,068 2,068	-10.8% -10.8%	-0.5% -0.5%

1H22	1H21	change
789	663	19.0% I
337	262	26.7% I
26	-19	1
48		=
1169	925	26.4% I
915	747	22.5% I
161	139	15.8% I
14.4%	14.6%
78.3%	80.8%