Banking

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, 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...

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 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 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...

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...