Smadar Barber-Tsadik  credit: Tamar Matsafi First Int'l Bank reports lower profit

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 CEO Hanan Friedman   credit: Oren Dai Leumi posts highest profit among banks

Bank Leumi posted a profit of NIS 1.77 billion for the third quarter, despite a very high provision for credit losses.

Mortgage taking  credit: Tali Bogdansky Mortgage market shows signs of revival

The banks see mortgage lending totaling NIS 5-5.5 billion this month and next, assuming that the war does not escalate.

CapitalOS founders credit: CapitalOS Fintech co CapitalOS raises $39m

The company has developed a platform enabling businesses to build a spend management solution.

Mizrahi Tefahot Bank  credit: Eyal Izhar Mizrahi Tefahot Q3 profit down 6.8%; dividend halved

The bank reported a profit of NIS 1.1 billion for the third quarter, after a NIS 694 million provision for credit losses.

Discount Bank  credit: Eyal Izhar Discount Bank posts lower Q3 profit, declares 15% dividend

The bank made a provision for credit losses almost six times higher than in the third quarter of 2022.

Psagot in talks to sell Psagot Investment House

Group Psagot has notified the TASe that it is in preliminary talks to sell Psagot Investment House for NIS 320-340 million.

Dr. Samer Haj-Yehia  credit: Shlomi Yosef Samer Haj-Yehia: from Leumi to Lemonade

Haj-Yehia, until recently chairperson of Bank Leumi, is joining AI-based digital insurance company Lemonade's board.

Ilit Ostrovitch-Levi credit: Rami Zarnegar Israel thwarts Hamas on the financial battlefield

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.

Bank Hapoalim CEO Dov Kotler  credit: Eyal Izhar Bank Hapoalim sees home price fall accelerating

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.

Bank Hapoalim credit: Roman Yanushevsky Shutterstock Bank Hapoalim cuts Q3 dividend to 20% of profit

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.

Melio founders Ilan Atias and Matan Bar credit: Dana Tamari BILL Holdings denies Melio acquisition report

"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.

Melio founders Ilan Atias and Matan Bar credit: Dana Tamari Bill Holdings in advanced talks to buy Melio for $1.95b - report

"Bloomberg" reports that the Israeli fintech company is set to be acquired for less than half its valuation in 2021.

Rani Zim  credit: Meir Edri Psagot worth 80% less since Rani Zim bought it

Capital market source: There’s a big difference between the worlds of real estate and finance.

Isracard CEO Ran Oz  credit: Tammy Bar-Shay Harel, Isracard extend merger deadline

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.

Yair Seroussi and Zion Kenan  credit: Tamar Matsafi Court rules former Hapoalim execs will pay bank NIS 3.56m

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.

Supervisor of Banks Daniel Hahiashvili  credit: Bank of Israel spokesperson's office BoI indicates banks should not pay dividends

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.

Yair Nechmad and David Ben-Avi credit: David Zisser Nayax acquires POS software co Retail Pro

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.

Gal Bar Dea credit: Eyal Izhar One Zero to raise $100m led by Deutsche Bank

The Israeli digital bank expects to be profitable by the fourth quarter of 2024.

Isracard CEO Ran Oz  credit: Tammy Bar-Shay Isracard refuses to extend Harel merger deadline

The Competition Authority requested an extension of the November 12 deadline. Harel agreed; Isracard said no.

Bank Leumi credit: Eyal Izhar Leumi sets aside up to NIS 1.1b for loan losses

Even before the war, Israel's banks had begun increasing credit loss expenses as a safety cushion because of rising interest rates.

Israel's big five banks credit: Eyal Izhar, Tali Bogdanovsky Foreign investors selling shares in Israeli banks

The Banking Index on the Tel Aviv Stock Exchange has fallen 20% since the start of the fighting.

Israel's big five banks credit: Eyal Izhar, Tali Bogdanovsky Moody's puts Israeli banks on review for downgrade

The ratings agency may decide to cut the rating of the banks' deposits in the coming months from A2 to a lower rating.

Erez Migdali  credit: Migdal Insurance Migdal investment chief sees opportunities in local stocks

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 Phoenix Holdings CEO Eyal Ben Simon  credit: PR Inbal Marmary The Phoenix plans NIS 350m debt offering

The insurance company reported on losses caused by the war, but said it was also gearing up for possible investment opportunities.

Sderot credit: Reuters, Ronen Zvulun Terrorists stole credit cards from their Israeli victims

The credit card companies have been busy blocking cards that are not in the hands of their owners and denying transactions.

Gaza fund raising Credit: Telegram ad Tech experts battle to shut down Gaza financial pipeline

PayPal and Israeli fintech and cryptocurrency experts have mobilized to thwart financial transfers to Hamas and Islamic Jihad.

Lendbuzz founders Amitay Kalmar and Dan Raviv credit: Weifan Chen Fintech co Lendbuzz becomes a unicorn

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.

Hippo IPO   credit: Andrew Kelly, Reuters Shareholders demand ouster of Hippo chair Assaf Wand

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.

Mortgage taking credit: Tali Bogdansky Mortgage taking in Israel back on the rise

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.

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