According to the Bank's annual report, the profit in 2010 amounted to NIS 3.5 billion, compared with NIS 3.3 billion a year earlier.

• CEO of Bank Leumi Hanan Friedman // Photo: Oren Bo Hakun

Bank Leumi presents positive reports, boasting a more than 8% increase in net profit in 2019. Profit last year totaled NIS 3.5 billion, compared with NIS 3.3 billion a year earlier.

The return on equity in 2019 was 9.2%, excluding National Card, compared with 9% in 2018. At Leumi, a dividend of NIS 297 million was distributed to shareholders, and from the beginning of 2019, the dividend and share buy-back amounted to NIS 2.1 billion.

The Bank's Board of Directors approved another share buy-back plan during 2020 - up to NIS 700 million. The bank also recorded 3.6% growth in the credit portfolio, including the effect of the exchange rate. Alongside the bank's financial reports, a list of executives of Leumi executives was also published. Leumi USA's CEO is expected to lead the list, with a salary cost of NIS 7.1 million - more than twice that of Leumi CEO in Israel, Hanan Friedman - 3.2 one million. Former bank chairman David Brodet's salary cost was NIS 3.3 million, while his current replacement Summer Hajj Yehia will have about NIS 1.5 million.

The dramatic gaps in wages result from the fact that senior officials in Israel are subject to the senior wages law. At Leumi, they also announced the joining of Uri Unisi Bank of Mizrahi Tefahot, who now serves as Deputy Head of the Banking Division and the director of the Bank's mortgage arm.