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Leumi and Mizrahi Profit

The celebration continues: both Leumi and Mizrahi with huge profits

Against the backdrop of rising interest rates, banks are publishing their profits and presenting a significant increase in their interest earnings. Bank Leumi presents the largest net profit

Photo: Olivier Fitoussi, Dario Sanchez/Flash90 background
Photo: Olivier Fitoussi, Dario Sanchez/Flash90

At the end of the second quarter of the year, banks are publishing their profits and presenting a growth of tens of percentage points. Yesterday, Bank Hapoalim and Discount Bank published their data, and now Bank Leumi and Mizrahi Tefahot are presenting the growth figures.

Bank Leumi presents a profit of 2.4 billion shekels, the largest profit reported so far among bank profits. Due to the rise in interest income this year, the bank reports a jump of about 37% from the previous year's quarterly profits, now reaching 4.28 billion shekels. As a result, the bank will distribute dividends to investors totaling 736 million shekels.

Mizrahi Tefahot Bank also publishes its data and presents a profit of 1.3 billion shekels, with interest income rising by 30% reaching 3.18 billion shekels. The dividend that the bank will distribute to investors amounts to 490 million shekels.

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These figures are added to the data published yesterday by Bank Hapoalim and Discount Bank. Bank Hapoalim presented profits totaling 1.922 billion shekels, a jump of about 43% compared to the same quarter last year. The bank's interest income stood at around 4.3 billion shekels, a rise of about 35% compared to the same quarter in the previous year. The bank will distribute a dividend amounting to 769 million shekels.

Discount Bank reported profits of approximately 1.2 billion shekels, a surge of 75% compared to the same quarter last year. The bank's interest income reached around 2.9 billion shekels, a jump of 41% compared to the corresponding quarter in the previous year. The bank will distribute a dividend of 356 million shekels to investors.

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The celebration continues: both Leumi and Mizrahi with huge profits - JFeed