Bank Mizrahi-Tefahot announced lower profits of only 7%, which came to a total of NIS 422 million in the third quarter. For the first nine months of the year, Mizrahi-Tefahot  earned NIS 1.4 billion, which is up 40% from the year earlier....
Bank Hapoalim has announced it will distribute a billion Shekel dividend. This will be the first dividend the bank has distributed in over a year, due to the investigation of the bank by the US Justice Department, which still remains pending. This...
Bank Hapoalim defied the current trend of Israeli banks, who have recorded ever growing profits, by reporting a drop in profits. Hapoalim reported profits of NIS 871 million for the second quarter of 2019, which was down from 2018. The bank’s return...
Bank Leumi and Bank Discount, two of Israel's leading banks published their financial results today. Both reported excellent results, and thanks to cost-cutting, both have become very profitable. After undergoing several self-inflicted wounds, including legal difficulties in the United States, Israel’s banking sector as...
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...