Israel's Bank Hapoalim on Monday reported sharply lower quarterly net profi...
FILE PHOTO: The logo of Bank Hapoalim, Israel's biggest bank, is seen at their main branch in Tel Aviv, Israel July 18, 2016. Picture taken July 18, 2016. REUTERS/Amir Cohen/File Photo
Hapoalim earned 97 million shekels in the fourth quarter ended December, down from 612 million a year earlier. It said its profit ex-items rose due to an increase in credit volumes in business banking and housing, as well as profits from the sale of stocks and bonds, and a drop in salary expenses. The bank’s board did not declare a dividend for the third quarter in a row due to the uncertainty of the probe. It said this did not change its policy of paying dividends of up to 40 percent of quarterly net profit.
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