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Leumi's profits since the beginning of the year are approaching NIS 5.5 billion - voila! Of money

2022-11-29T09:57:23.944Z

Leumi publishes the quarterly reports today that reflect huge profits of NIS 1.8 billion in the third quarter and NIS 5.4 billion since the beginning of the year



national.

Record profits and improvement in all important parameters (Photo: Reuven Castro)

Bank Leumi today publishes the quarterly reports that reflect continued strong performance leading to a net profit of NIS 5.4 billion since the beginning of the year, NIS 1.9 billion of which - in the last quarter (the third of 2022).



The bank also presents a return on capital of 16.3% since the beginning of the year;

14.9% in the third quarter, an increase in the credit portfolio with growth of 17.9% since the beginning of the year, an efficiency ratio that is the best in the banking system: 39.1% in the third quarter and 39.5% in the first nine months of the year.



The fantastic profits are of course not lost on the shareholders either, who will receive an additional dividend, this time of NIS 356 million, for the third quarter, which adds up to a dividend of approximately NIS 1.6 billion since the beginning of the year.

CEO of Leumi, Hanan Friedman: "The financial results testify to the successful implementation of the strategy" (Photo: PR)

"Doing more - with fewer resources"

CEO of Leumi, Hanan Friedman:

"The financial results testify to the successful implementation of the strategy defined in the areas of business-focused activity.

The healthy growth - which we present in a systematic way - is achieved through careful risk management, alongside convenient, fair banking tailored to the needs of each customer in each of the service channels, which is based on advanced technological tools, data and models.

The infrastructures we have established will allow us to continue doing much more - with fewer resources."

  • Of money

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Tags

  • national

  • National Bank

  • financial reports

  • profits

Source: walla

All business articles on 2022-11-29

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