{"id":904,"date":"2019-05-31T11:01:13","date_gmt":"2019-05-31T11:01:13","guid":{"rendered":"https:\/\/digitone.news\/?p=904"},"modified":"2019-05-31T11:01:13","modified_gmt":"2019-05-31T11:01:13","slug":"bank-hapoalim-reports-first-quarter-results","status":"publish","type":"post","link":"https:\/\/digitone.news\/index.php\/2019\/05\/31\/bank-hapoalim-reports-first-quarter-results\/","title":{"rendered":"Bank Hapoalim Reports First Quarter Results"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"375\" src=\"https:\/\/digitone.news\/wp-content\/uploads\/2019\/05\/Bank-Hapoalim.jpg\" alt=\"Bank Hapoalim\" class=\"wp-image-635\" srcset=\"https:\/\/digitone.news\/wp-content\/uploads\/2019\/05\/Bank-Hapoalim.jpg 500w, https:\/\/digitone.news\/wp-content\/uploads\/2019\/05\/Bank-Hapoalim-300x225.jpg 300w, https:\/\/digitone.news\/wp-content\/uploads\/2019\/05\/Bank-Hapoalim-80x60.jpg 80w, https:\/\/digitone.news\/wp-content\/uploads\/2019\/05\/Bank-Hapoalim-265x198.jpg 265w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure>\n\n\n\n<p>Bank Hapoalim, Israel\u2019s 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 Hapoalim\u2019s earnings were negatively impacted by its tax investigations in the US, which cost the bank NIS 3.2 billion, to date. Just this quarter, it recorded NIS 120 million in legal expenses on the US case. Hapoalim\u2019s return-on-equity stood at 9% in the quarter, up from 7.2% a year ago. &nbsp;<\/p>\n\n\n\n<p>Hapoalim\u2019s income from regular banking activities (interest and fees) came to NIS 2.4 billion, up 7.8% from the year before. The bank\u2019s efficiency index stood at 59.2%, the best rate among any of the major banks. Hapoalim\u2019s loan portfolio grew by only 0.2%<\/p>\n\n\n\n<p>As a result of the sale of its Isracard subsidiary on the stock exchange, Hapoalim has an additional NIS 1.3 billion in equity.&nbsp; As a result, Hapoalim is considering a share buy back.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank Hapoalim, Israel\u2019s 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 Hapoalim\u2019s earnings were negatively impacted by its tax investigations in the US, which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38,44],"tags":[],"class_list":{"0":"post-904","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banking","8":"category-financials"},"_links":{"self":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/comments?post=904"}],"version-history":[{"count":1,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/904\/revisions"}],"predecessor-version":[{"id":905,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/904\/revisions\/905"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/media\/635"}],"wp:attachment":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/media?parent=904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/categories?post=904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/tags?post=904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}