Bank of Jerusalem Ltd. announced earnings results for the first quarter 2017. For the quarter, the company reported increase in interest income, net and continues to maintain a stability regarding capital adequacy ratio of 10.1% Net profit was ILS 7.6 million compared to ILS 22.4 million in the corresponding quarter last year. The main decrease derives from the realization of bonds available for sale generating a net profit of ILS 21.0 million and offsetting this extraordinary profit, net profit in the corresponding quarter last year would have amounted to ILS 1.4 million. Interest income was ILS 86.7 million compared to ILS 81.6 million in the corresponding quarter last year an increase of approximately 6.3%. The increase results from the continued improvement in credit margins.