One Zero Bank Narrows Losses as Securities Portfolios Surge in First Half of 2026
Translated & summarized from Globes by baba
One Zero Bank reduced its first-half 2026 loss by 27% to 84 million shekels amid rising revenues and expanding securities portfolios. The bank grew its customer base to 200,000 and expects to reach profitability soon, driven by strong growth in securities trading and improved operational efficiency.
The story in 6 lines · by baba
- One Zero Bank cut its H1 2026 loss by 27% to 84 million shekels.
- Customer base grew 34% to 200,000, with securities portfolios up 151%.
- Securities revenues rose 55%, now 30% of total income.
- Public deposits increased 20% to 3.8 billion shekels, credit balances up 26%.
- Bank leads Bank of Israel satisfaction surveys among self-employed and households.
- CEO expects first profitable month within a few months, citing growth in securities trading.
One Zero Bank, led by CEO Eyal Gafni, reported a reduced loss of 84 million shekels in the first half of 2026, marking a 27% improvement compared to the same period last year. This marks the bank's first semiannual financial report, having previously released only annual statements. Despite challenges such as declining interest rates and the impact of the conflict with Iran on the first quarter, the bank's revenues rose by 33% to approximately 66 million shekels. Concurrently, expenses decreased by about 10% to 149 million shekels, even as customer numbers and activity volumes grew.
The bank's customer base expanded by 34% to 200,000 clients. A key growth driver has been the securities trading segment, with client securities portfolios increasing by 151% and the number of clients holding securities doubling. Revenues from this sector grew 55%, now accounting for roughly 30% of total bank income, up from 23% in the previous year’s comparable quarter. Public deposits reached around 3.8 billion shekels, a 20% increase, with 85% held in deposits at the Bank of Israel. Credit balances rose 26% to about half a billion shekels, and assets under management totaled 6.5 billion shekels. Credit card purchase volumes also increased by 36%.
One Zero continues to lead Bank of Israel satisfaction surveys among self-employed customers and, for the first time, topped the survey among households as the most recommended and fair bank, surpassing the five largest banks. Nearly half of new account openings were referrals from friends or family. CEO Eyal Gafni highlighted the bank’s progress toward breaking even and anticipated its first profitable month within a few months. He emphasized the rapid growth in securities trading, driven by new Israeli securities trading options, additional order types, and standing orders for index purchases.
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