Net profit in the third quarter was NIS 455 million, down 2.6% from NIS 467 million in the corresponding quarter last year.
Bank Leumi posted a profit of NIS 1.77 billion for the third quarter, despite a very high provision for credit losses.
The banks see mortgage lending totaling NIS 5-5.5 billion this month and next, assuming that the war does not escalate.
The company has developed a platform enabling businesses to build a spend management solution.
The bank reported a profit of NIS 1.1 billion for the third quarter, after a NIS 694 million provision for credit losses.
The bank made a provision for credit losses almost six times higher than in the third quarter of 2022.
Group Psagot has notified the TASe that it is in preliminary talks to sell Psagot Investment House for NIS 320-340 million.
Haj-Yehia, until recently chairperson of Bank Leumi, is joining AI-based digital insurance company Lemonade's board.
Israel Money Laundering and Terror Financing Prohibition Authority head Ilit Ostrovitch Levi tells "Globes" that to defeat terrorist organizations, their economic oxygen must be cut off.
The bank has raised its assessment of risk in the construction and real estate sector, and says prices are falling faster than official figures indicate.
The bank reported third quarter net profit of NIS 1.67 billion, 6.5% down from NIS 1.79 billion in the corresponding quarter of 2022.
"Bloomberg" reported that the US company would acquire Israeli fintech company Melio for $1.95 billion. BILL Holdings: BILL is not pursuing any such acquisition at this time.
"Bloomberg" reports that the Israeli fintech company is set to be acquired for less than half its valuation in 2021.
Capital market source: There’s a big difference between the worlds of real estate and finance.
Isracard's share price plunged in the past two weeks amid assessments that the deal with Harel would not go ahead, but it is up nearly 15% in today's session.
The sum is the personal contribution of six former senior Bank Hapolaim managers to the settlement of a derivative action arising from the US tax evasion affair.
The Bank of Israel has issued no explicit instruction, but it has given the banks to understand that they are expected to refrain from dividend distributions.
The acquisition will expand the scope of Nayax’s retail business and solutions to over 9,000 retailers with 150,000 POS lanes in over 100 countries.
The Israeli digital bank expects to be profitable by the fourth quarter of 2024.
The Competition Authority requested an extension of the November 12 deadline. Harel agreed; Isracard said no.
Even before the war, Israel's banks had begun increasing credit loss expenses as a safety cushion because of rising interest rates.
The Banking Index on the Tel Aviv Stock Exchange has fallen 20% since the start of the fighting.
The ratings agency may decide to cut the rating of the banks' deposits in the coming months from A2 to a lower rating.
Migdal Group chief investment officer Erez Migdali: For an institution that looks to the long term, the situation could create attractive points of entry.
The insurance company reported on losses caused by the war, but said it was also gearing up for possible investment opportunities.
The credit card companies have been busy blocking cards that are not in the hands of their owners and denying transactions.
PayPal and Israeli fintech and cryptocurrency experts have mobilized to thwart financial transfers to Hamas and Islamic Jihad.
The AI-based auto financing platform has raised $45 million in equity and $300 million credit for loans at a company valuation of $1.1 billion.
After a 96% destruction of value since its flotation, two shareholders seek to replace the digital insurance company's co-founder and chairperson, who has already been replaced as CEO.
NIS 7.013 billion in mortgages was taken in Israel in August 2023, the Bank of Israel reports, down 27% from August 2022 but the highest monthly figure this year.