Israel Discount Bank announced earnings results for the second quarter of 2016. For the quarter, the company posted a net profit of ILS 393 million for the quarter, which compares with ILS 270 million in the corresponding quarter of 2015, representing a rise of 45.6%. The bank's net return on equity in the quarter was 12.3%. Excluding the effect of the profit on the sale of Discount Bank's rights in Visa Europe and a provision at credit card unit Cal-Israel Credit Cards Ltd., return on equity was 7.4%. Net interest income in the second quarter of 2016 was up 5.5% in comparison with the corresponding quarter.