Home / profit / The main domestic rival Leumi bank reported slightly higher profit

The main domestic rival Leumi bank reported slightly higher profit

Hapoalim declared a dividend of 41 million shekels, or 30 percent of net profit, for the quarter.
Leumi’s quarterly net profit rose to 443 million shekels from 431 million a year ago but below a forecast of 468 million shekels in a Reuters poll of analysts.
Its main domestic rival Leumi reported slightly higher profit despite one-time tax expenses affecting the banking sector.
Leumi’s board set a payout ratio of 20 percent of quarterly profit starting in the first quarter of 2017.
[nL5N1H07AJ] This would be in addition to $120 million Hapoalim has already set aside for this matter.
Israel's Bank
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REFILE-Israel’s Bank Hapoalim Q4 profit slides on U.S. tax probe charge

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as informed in
Israel's profit

Its main domestic rival Leumi reported slightly higher profit despite one-time tax expenses affecting the banking sector.
Hapoalim declared a dividend of 41 million shekels, or 30 percent of net profit, for the quarter.
Leumi’s quarterly net profit rose to 443 million shekels from 431 million a year ago but below a forecast of 468 million shekels in a Reuters poll of analysts.
Leumi’s board set a payout ratio of 20 percent of quarterly profit starting in the first quarter of 2017.
Hapoalim’s profit was also hit by credit loss expenses of 469 million shekels, compared with 147 million a year ago.

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