Bank Mizrahi-Tefahot reported having an excellent second quarter. Mizrahi-Tefahot’s revenue rose 9.6%, from NIS 1.84 billion in Q2 of 2018, to NIS 2.02 this year. Income from interest rose by 10.7% Y/Y. The bank posted a net profit of NIS 576 million...
FinTech, which refers to Financial Services combined with new technology, is one of the hottest start-up sectors today. Banks throughout the world are eager to find fresh methods of transforming how they work, taking advantage of the latest technologies. However, banks are...
Dov Kotler A few hours after Israel Discount Bank (IDB) announced that Uri Levin would become their new CEO, Bank Hapoalim released their latest pick for CEO — Dov Kotler. The announcement was a surprise as the bank has a long history of...
Uri Levin Israel Discount Bank has announced that Uri Levin will become its new CEO. Levin will replace Lilach Asher-Topilsky, who recently announced her resignation, following a very successful stint as bank CEO. Levin currently serves as the CEO of Israel Discount Bank...
Bank Leumi CEO Rakefet Russak-Aminoach has announced she will step down from her position, after having served seven years in the post. Russak-Aminoach’s decision follows a recent statements by the CEOs of both Israel Discount Bank and Bank Hapoalim that they too...
Lilach Asher-Topilsky CEO of Israel Discount Bank, Lilach Asher-Topilsky announced she has decided to resign. The effective date of her resignation has not been announced. Asher-Topilsky has been head of Bank Discount for the past five years and was considered to...
Bank Hapoalim, Israel’s largest bank, announced it had earned NIS 821 million during the first quarter of 2019. While this is up by 31% from earnings one year ago, it is still below the NIS 1.1 billion earned by Bank Leumi. Bank...
Headquarters in Tel Aviv Net profits of First International Bank rose 33.6% to NIS 183 million. First International’s return on equity was 9.5%. The bank’s profit from financing rose 9.1%, compared to NIS 681 million earned by First International in the first quarter...
Bank Leumi reported it had earned NIS 1.1 billion during the first quarter of 2019. This represents an increase of 49.6% from 2018. This sum of profit translates into a return on equity of 12.7%, up from 9% a year earlier. Part...
Bank Mizrachi Bank Mizrahi-Tefahot reported a net profit of NIS 404 million during the first quarter of 2019. This profit is up from NIS 343 earned by the Bank during the first quarter of 2018 and which represents an increase of 18%. Bank...