Banking

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...

The Israeli banking sector has enjoyed a number of years of growth and increasing profitability. Israel has five large banks and a number of small specialty banks. The large banks together earned NIS 9.1 billion last year in profits. The banks' profits...

Bank Hapolim Headquarters Bank Hapoalim, Israel’s largest bank, returned excellent results for 2018 — despite setting aside over NIS 1 billion for yet to be settled investigations by the US Justice Department, regarding the bank’s assistance to customers who sought to avoid paying...

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 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...

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...

The European Union has increased its Horizon Fund from $200 million this year to $600 million next year. The fund, which operates in Israel via LeumiTech, a subsidiary of Bank Leumi. The money in the fund will be used to provide loans...

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...

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...

Israel Discount Bank reported profits of NIS 427 million for the third quarter of 2019, which was down 2.7% from the third quarter of 2018. On the other hand, for the first three quarters of the year, the bank earned NIS 1,377...