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...
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....
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...
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 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...