Bank Hapoalim , Israel's largest lender, reported a 43% rise in quarterly profit on Monday, boosted by a jump in financing income amid high inflation and interest rates that more than offset a spike in provisions against loan defaults.
The logo of Bank Hapoalim is seen at a branch in Tel Aviv, Israel November 22, 2021. Picture taken November 22, 2021. REUTERS/Corinna Kern/File Photo, Israel's largest lender, reported a 43% rise in quarterly profit on Monday, boosted by a jump in financing income amid high inflation and interest rates that more than offset a spike in provisions against loan defaults.
Hapoalim, the country's largest bank by credit to the public, said it earned 1.92 billion shekels in the second quarter, up from 1.34 billion a year earlier. That resulted in a return on equity of 15.8%. Net interest income rose 35% to 4.3 billion shekels as it recorded a provision for credit losses of 579 million shekels, up from 91 million provision in the April-June period in 2022.
Hapoalim, whose credit portfolio rose 7.6% over the past year, said it would pay a second-quarter dividend of 769 million shekels, a payout of 40% of quarterly net income.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
43 Products That Will Make You Feel Like The Cleverest Human AliveThere's even an adorable 'flat' water bottle designed to fit in your purse like a book.
Lire la suite »
43 Products So Helpful You’ll Want To Name Your First Born After ThemThere, there little Scalp Massager Junior. Mommy loves you very much.
Lire la suite »
As Joey Gallo, offense heat up, Twins look to cool down PhilliesJoey Gallo had been scuffling offensively in a 4-for-43 skid.
Lire la suite »
Taylor Swift superfan from NYC spent nearly $9K to attend Eras Tour concerts: ‘A big deal’Anthony Ye, 26, revealed that he had seen Taylor Swift in concert 43 times after most recently attending two of her Los Angeles shows, on Aug. 8 and 9.
Lire la suite »
ITZY Takes 1st Win For “CAKE” On “Music Bank”ITZY Takes 1st Win For “CAKE” On “Music Bank”
Lire la suite »
3 armed men rob bank in Country Club Hills: FBIThree armed men robbed a bank Thursday morning in Country Club Hills.
Lire la suite »