Leumi reports NIS 1b profit despite one-time deduction
Published date | 23 May 2023 |
Publication title | Globes (Rishon LeZion, Israel) |
Following the first quarter results, Bank Leumi will distribute a dividend of NIS 294 million, which represents 30% of the net profit in the first quarter of 2023. At the same time the board of directors authorized the buy-back of shares worth NIS 800 million.
Most of the bank's profit was due to a rise in interest income, which took place alongside growth in Leumi's business, commercial and mortgage credit portfolio. In the first quarter of 2023, the credit...
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