FINANCIAL SERVICES

Adhanan is due to open an Israel office for the venture lending firm next year.

The insurance and financial group's profit for the first nine months of 2025 was 40% higher than in the corresponding period.

Before talking about the economy, Israel needs to define the right set of values for itself, The Phoenix Holdings CEO Eyal Ben-Simon told the Israel Business Conference.

Israel's major banks reported record profits last week, but the market apparently believes the good times may not last.

The bank is “only” distributing 50% of its profit as a dividend because it is setting aside a high amount for credit losses.

The bank will sell its 28% stake in the credit card company to George Horesh’s Union Investments and Harel.

Delek Group's third quarter jumped by 640% year-on-year, mainly thanks to a revaluation of its holding in North Sea oil producer Ithaca Energy.

The bank's annualized return on equity in the third quarter was 17.6%.

Following the easing of Bank of Israel restrictions, the bank will pay a dividend of NIS 2 billion on its NIS 2.7 billion third quarter profit.

Despite opposition from the Bank of Israel and Finance Ministry, National Economic Council chair Prof. Avi Simhon is forging ahead with the plan.

Israel's banks will now be allowed to distribute up to 75% of their quarterly earnings.

The interest rate will be paid up to a maximum deposit of NIS 20,000.

The bank has issued a draft regulation limiting the permitted level of loans secured on a home.

Leumi's move angered fund managers who claimed that the deposit structure made it a "mutual fund in disguise."

All the statistics indicate a declining housing market, except for one: the monthly new mortgage loans total remains very high. What explains the anomaly?

Having sold its stake in The Phoenix, the US investment firm is looking to return to Israel’s insurance and financial sector.

ICC-CAL’s CEO Levy Halevy decision to become El Al CEO means Discount Bank must select a new CEO for the credit card company because the sale deal will take many months to complete.

The Phoenix Holdings is paying NIS 150 million for the price comparison engine.

Israel’s mortgage-GDP ratio is just 30%, well below Switzerland (131%), the UK (115%), Australia (93%), and Canada (62%), the “Helgi Library” website reports.

DigitalOwl's technology analyzes and summarizes medical records, serving insurance companies and lawyers.

The finance automation company has raised the money just two months after implementing a streamlining process that included major layoffs.

Bank Hapoalim's stock is currently trading at NIS 62.85, and those who invested in the bank's shares a year ago have recorded a return of almost 88%.

George Horesh's Union Investments and Harel will buy Discount Bank's 72% stake in the credit card company, at a company valuation of NIS 3.75 billion.

The bank is offering customers no fees on a checking account and 50% of the income it generates from customers' money.

The bank has struggled to reach profitability losing NIS 268 million last year, down from NIS 357 million in 2023.

Enav is promoting over 35 urban renewal projects throughout the country totaling about 25,000 housing units.

The auto finance fintech company had a valuation of over $1 billion at the time of its most recent financing round in 2023.

The mutual fund managers claim that Bank Leumi's new product is a mutual fund in disguise, without the regulations they are subject to.

Falling bond yields, plus the pressure from the large stock of unsold homes, are making the banks adjust lending rates.

Mizrahi Tefahot Bank deputy CEO Adi Shachaf told the Globes Investment Conference that the high cost of living is the Israeli economy's weak point.