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...
Governor General of the Bank of Israel Amir Yaron Bank of Israel has lowered Israel's prime rate from .25% to 0.1%. The central bank is also putting in place a new monetary policy — i.e., three-year loans to banks at a fixed rate of .1%....
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 Hapoalim, Israel's largest bank reported a down quarter. Hapoalim's net profit — totaled NIS 736 million, compared with a net profit of NIS 950 million in the corresponding quarter of 2018, a decline of approximately 22.5%. Return...
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...
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 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 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...