Bank Hapoalim, Israel's leading financial group, reported a net profit of NIS 1,905 million and a return on equity (ROE) of 13.6% for the third quarter of 2024. The bank demonstrated solid financial performance and strong credit growth across all operational segments. Key highlights include a 14.1% increase in net profit compared to the same quarter last year, a 3.4% increase in total net credit to the public, and a 6.2% year-over-year increase in total income. The bank also maintained robust capital and liquidity buffers, with a CET-1 Capital Ratio of 11.90% and a Liquidity Coverage Ratio of 132%. Bank Hapoalim declared a distribution of 40% of net profit, including a cash dividend and share buyback plan.
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Original article source: https://www.jpost.com/israel-news/article-829737
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