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...
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....
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...
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...
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...
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%....
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...
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...