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מגזין ספטמבר 2017

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2011 2011 2017 2017 2017 12 CoCo CoCo 12 16 1616 4 3 4 24 24 34 34

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Understatement Understatement Understatement Understatement Understatement Understatement www bankautpratit co il www bankautpratit co il www bankautpratit co il www bankautpratit co il www bankautpratit co il www bankautpratit co il 4 2017 4 4 2017 46 2017 2017 CoCo 46 6 2017 CoCo 1064 CoCo 2017 CoCo 10610 CoCo 10 126 CoCo 10 1212 10 12 14 12 1414 12 14 RSM 16 14 RSM RSM 14 1616 RSM 16 18 RSM 16 1818 RSM 16 18 20 18 18 2020 21 20 21 21 20 21 20 22 21 22 21 22 22 23 23 22 23 22 23 24 23 2424 23 24 26 26 24 26 24 26 28 28 26 28 26 MSW 28 32 MSW 32 MSW 28 32 MSW 28 32 34 MSW 3234 MSW 32 34 34 34 34 33 3 3 3 3

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3 3 8002 33 8000 32 8002 8 002 2016 34 47 2011 2007 2 115 8002 2017 https www themarker com markets 1 4389121 http www mckinsey com industries financial services our insights the new dynamics of financial globalization https www themarker com markets 1 4389121 http www mckinsey com industries financial services our insights the new dynamics of financial globalization 5

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2017 3 5 3 6 2017 2018 3 1 2 2018 0 6 2 1 1 5 2 6 60 2018 2 7 0 6 2 1 3 5 2017 0 7 2017 2018

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10 8 19 2017 5 2 Stoxx 600 16 2017 13 2018 26 35 125 35 5 90 12 7 4 5 2018 2019 Baa Barclays Capital 3 4 5 4 3 85 7

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FIRST MOVERS WILL ALWAYS CHANGE THE WORLD BUT WHICH ONE Discover our approach at juliusbaer com visionary thinking For a personal meeting please contact our representative office at 46 Rothschild Boulevard in Tel Aviv 972 3 60 39 111 Julius Baer is the leading Swiss private banking group and present in some 50 locations worldwide From Dubai Frankfurt Geneva Guernsey Hong Kong London Lugano Monaco Montevideo Moscow Mumbai Nassau Singapore Tel Aviv to Zurich head office The Tel Aviv Representative Office of Bank Julius Baer Co Ltd is supervised by the Swiss regulator and is not subject to the supervision of the Supervisor of Banks in the Bank of Israel

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