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