Annualized return on equity was high at 16.7%, up from 16.4% in the corresponding quarter of 2024.
RELATED ARTICLES
Bank of Israel allows banks to pay 50% dividend on profits
Leumi posts NIS 2.6b profit, declares 50% dividend
The bank attributed the increase in net profit to an increase in financing income and growth in the bank’s activities. The bank reported increased profit even though NIS 302 million was set aside for credit losses compared with NIS 49 million in the corresponding quarter. Bank Hapoalim said that the rise was due to collective allowance, to reflect the growth in the bank’s credit portfolio and the uncertain economic environment. The credit-loss ratio was 0.26%.
In the second quarter, the bank’s credit portfolio grew 3%. Hapoalim said this reflects major growth in the credit portfolio of 5.8% in the first half. This is “diverse growth that is reflected in all sectors of activity, while balancing risk, growth and profitability components, and continuing to present good credit quality indicators,” the bank said. Hapoalim’s cost-income ratio stood at 32.8% at the end of the past quarter, an improvement from 36.7% in the corresponding quarter, but higher than Bank Leumi cost-income ratio of 26.9%.
Published by Globes, Israel business news – en.globes.co.il – on August 13, 2025.
© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.
Yadin Antebi credit: Jonathan Bloom
Â
Â
Â
Â
