Bank Leumi
Israeli-media coverage mentioning Bank Leumi, translated into English and compared across sources. 48 recent stories.
July Inflation Data Signals Rising Costs Amid Israel's Economic and Security Challenges
Israel's July inflation data, to be released today, signals rising inflation amid escalating defense spending and economic challenges. Prime Minister Netanyahu prioritizes securit…
Bank of Jerusalem Denies Embezzlement Rumors Amid Market Fluctuations
Bank of Jerusalem denied recent embezzlement rumors after an internal review found no irregularities, calming initial stock declines. Israeli banks have implemented strict control…
Bank Leumi to Offer Cryptocurrency Trading to Customers Starting 2027
Bank Leumi will become Israel's first bank to offer cryptocurrency trading to customers through a partnership with Galaxy Digital, starting in early 2027 pending regulatory approv…
Bank of America Upgrades Leumi Shares Citing Strong Q2 Results and Resilient Margins
Bank of America upgraded Bank Leumi to a buy with a 24% premium target after the bank posted a strong Q2 net profit of 2.8 billion shekels and resilient margins. Analysts praised…
Apple’s Market Value Hits $5 Trillion Despite Minimal AI Investment
Apple, known for its conservative approach, has reached a $5 trillion market value despite minimal AI investment and avoiding major layoffs. Analyst Nir Orgad explains Apple’s str…
Discount Bank Reports 8% Profit Rise to 1.2 Billion Shekels Amid Staff Cuts
Discount Bank posted a 7.9% profit increase to 1.2 billion shekels in Q2 2024, with a 14% ROE. The bank plans to cut 600 employees by 2026 and pay a 40% dividend. Credit growth wa…
Israel’s Child Savings Program Sees Shift From Banks to Investment Funds After 2025 Regulation Change
Israel’s "Savings for Every Child" program has accumulated over 25 billion shekels since 2015, with a 2025 regulation enabling transfers from banks to investment funds causing a m…
Bank Leumi CEO Drops Stock Options After Regulator Ban on Subsidiary-Based Bonuses
Bank Leumi decided not to grant CEO Hanan Friedman stock options tied to its subsidiary Leumi Partners after the Bank of Israel banned linking executive pay to single subsidiaries…
Bank Leumi Reports 2.8 Billion Shekel Net Profit in Q2 2026 with Strong Credit Growth
Bank Leumi reported a net profit of 2.8 billion shekels in Q2 2026, driven by strong credit growth and operational efficiency. The bank's return on equity reached 16.3%, with cred…
Man Charged with Destroying 26 ATMs Across Israel in Two Weeks
A 40-year-old man from Samaria is charged with destroying 26 ATMs across Israel within two weeks, causing 1.5 million shekels in damage. He was arrested after being caught on secu…
Tel Aviv Stock Exchange Opens Amid US-Iran Uncertainty and Strong AI Earnings
The Tel Aviv Stock Exchange opened with cautious optimism amid US-Iran tensions and strong AI earnings reports. Israeli banks reported mixed quarterly results, while oil prices hi…
Cal Credit Card Company Appoints Former MaccabiDent CEO and Bank Leumi Executive to Leadership
Cal credit card company appointed Tony Cohen as deputy CEO and Zoharit Yogev as vice president, pending Bank of Israel approval. Cohen replaces Lital Wexler, and Yogev replaces Od…
Stable Trading Marks Summer Lull on Israeli Stock Exchange Amid Bank Earnings Reports
Israel's stock market shows relative calm amid easing uncertainties and stable semiconductor sector, while major banks report earnings this week. High US Treasury yields and upcom…
Sela and Menivim REITs Shift Focus Amid Office Market Challenges
Sela Real Estate and Menivim REIT improved Q2 2026 financials despite office market struggles, expanding into retail and logistics sectors. Sela acquired a mall in Kfar Saba, whil…
Israeli Banks Slow to Pass Interest Rate Cuts to Depositors Despite Rate Drop
Despite the Bank of Israel lowering interest rates in July 2023, Israeli banks have been slow and cautious in passing these cuts to depositors, maintaining higher loan rates and m…
Sophisticated Scam Targets Israeli Homebuilders and Developers with Fake Municipal Payment Demands
Israeli citizens and developers face a growing scam involving fake municipal payment demands for building permits, with victims losing tens of thousands to millions of shekels. Po…
New Phishing Scam Uses Sarit Hadad's Name to Steal Bank Details
A phishing scam impersonating Israeli singer Sarit Hadad offers fake concert tickets to steal personal and banking information from victims through a fraudulent website and OTP re…
Tel Aviv Stock Exchange Awaits Weekly Close After Wall Street Declines
The Tel Aviv Stock Exchange is opening after Wall Street's negative session, with the TA-35 and TA-125 indices down for the week. U.S. Treasury yields rose, oil prices climbed, an…
Ilan Brook to Step Down as CEO of HOT Mobile Following Sale Completion
Ilan Brook, CEO of HOT Mobile, will step down after seven years as CEO and 15 years with HOT Group, remaining until the sale to Delek Israel, Keystone Capital, and Bank Leumi is c…
Israeli Settler Yinon Levi Indicted for Reckless Manslaughter in South Hebron Incident
Yinon Levi, an Israeli settler contractor, was indicted for reckless manslaughter after ordering unauthorized roadwork on private land in southern Mount Hebron, which led to a vio…
Yaakov Finance Reports Record Profit and Expands Credit Portfolio Beyond 3.35 Billion Shekels
Yaakov Finance, founded by Shaul Navi in 2022, reported a record net profit of 24.1 million shekels and expanded its credit portfolio beyond 3.35 billion shekels. The company decl…
Manor Evergreen Acquires 30% Stake in Argil Group Valued at 300 Million Shekels
Manor Evergreen has acquired a 30% stake in Argil Group for 300 million shekels, with an option to increase to 40%. Argil, founded in 1993, operates across the infrastructure mate…
Bank of Israel Enables Israeli Banks to Report Under US GAAP, Opening Door to Wall Street Listings
The Bank of Israel has proposed allowing Israeli banks to report financials under US GAAP, facilitating dual listings on Wall Street. This change could attract more foreign invest…
Israeli Competition Authority Approves HOT Mobile Sale Valued at 1.8 Billion Shekels
The Israeli Competition Authority approved the sale of HOT Mobile for 1.2 billion shekels, valuing the company at 1.8 billion shekels. The deal, involving Delek Israel, Keystone F…
Israeli Bank Stocks Surge in July Ahead of Earnings Reports
Israeli bank stocks rallied sharply in July, led by Mizrahi Tefahot and Bank Hapoalim International, ahead of second-quarter earnings reports starting next week. The surge reflect…
Mizrahi Tefahot Bank Invests NIS 99 Million in Waste Management Company Mafaat
Mizrahi Tefahot Bank invested NIS 99 million in Mafaat, a waste management company, aiming to support its growth and public listing within five years. The deal includes options fo…
Israeli Homeowners Sue Banks and Land Registry Over Fake Mortgage Fraud in Netanya
Israeli siblings living in Germany sued banks and the Netanya Land Registry for negligence after imposters used stolen IDs to fraudulently mortgage their apartment for two million…
Most Israelis Hesitate to Switch Banks Despite Easy Online Transfers and Financial Benefits
Despite extensive price comparisons in other areas, most Israelis rarely switch banks, often due to low financial literacy and psychological barriers. The 2021 "Switch in a Click"…
Israeli Banks Lose Majority Control of National Payment Clearing Center Board
Israel's largest banks have lost majority control of the Bank Clearing Center's board, replaced by fintech and digital bank representatives as part of a regulatory effort to boost…
Prime Energy Partners with Delek Properties to Build Distributed Data Center Energy Storage in Israel
Prime Energy, led by Yaron Kikoz, signed a major deal with Delek Properties to build energy storage and data centers at gas stations across Israel, leveraging existing electrical…
Tel Aviv Stock Exchange Opens Amid Trump’s Hamas Disarmament Announcement and Wall Street Gains
The Tel Aviv Stock Exchange opened amid U.S. President Trump's announcement of a Hamas disarmament deal and positive Wall Street gains. Trump said Israeli forces would withdraw fr…
Bond Yields Rise Sharply While Corporate Spreads Remain Low Amid Middle East Tensions
Bond yields have risen sharply due to Middle East tensions driving oil prices up and inflation fears, while corporate bond spreads remain low. This dynamic increases borrowing cos…
Bank Leumi Building in Kiryat Shmona Sold for 5.4 Million Shekels Despite Missile Damage
The Bank Leumi building in Kiryat Shmona, damaged by a missile during recent conflict, sold for 5.43 million shekels to a local businessman. Despite a 50% value drop, the buyer se…
Israeli AI Firm Encore AI Raises $30 Million Led by Client-Investors to Expand Global Reach
Israeli AI startup Encore AI raised $30 million in a Series A round led by client-investors to expand its patented platform that enhances customer interactions through AI agents…
Electra, Menarv, and Alstom Secure $9.6 Billion Funding for Haifa-Nazareth Light Rail Project
Electra, Menarv, and Alstom have finalized a 9.6 billion shekel financing deal for the Haifa-Nazareth light rail project, enabling full construction to begin. The 41-kilometer lin…
Israeli Banks Struggle With Public Trust Despite Strong Profits and Advertising Efforts
Israeli banks have boosted advertising to improve their image but still face low public trust due to high loan costs and low deposit rates. Despite a large tax imposed to aid the…
Israeli Competition Authority Probes WhatsApp Chats on Bank Association CEO Replacement
AI Advances Fuel Surge in Sophisticated Phishing Scams Targeting Israeli Consumers
Phishing scams in Israel are escalating with AI advancements, using fake payment requests and impersonations to steal personal data. Companies like Israel Electric Corporation and…
Strong Shekel Signals Strategic and Economic Challenges for Israel
Israel's strong shekel reflects its economic and strategic strengths but also poses risks to exporters and innovation vital for national security. The Bank of Israel's recent $30…
Nofar Energy Negotiates $1.8 Billion Deal for Stake in Reindeer Power Plant Project
Nofar Energy is negotiating to buy a 47.5% stake in the Reindeer power plant project for 855 million shekels, valuing the project at 1.8 billion shekels. The project is an 865 MW…
Bank of Israel Blocks CEO Stock Option Plan Tied to Subsidiary Performance
The Bank of Israel has prohibited Bank Leumi from linking CEO Hanan Friedman's stock options to the performance of its subsidiary Leumi Partners, requiring the bank to revise the…
S&P Warns Israel Banks Face Profit Pressure as Cheap Deposits Decline
S&P warns that Israeli banks face profitability challenges as cheap household deposits decline and institutional deposits rise, increasing funding costs. Banks are diversifying fu…
Bank Hapoalim Faces Major Layoffs Amid Labor Disputes and Efficiency Drive
Bank Hapoalim plans early retirement for nearly 60 mid-level managers as part of a wider staff reduction amid labor disputes and efficiency efforts. Despite strong profits, tensio…
Bank Hapoalim Sells Its 20% Stake in Israeli Consumer Credit Firm Blender Pay
Bank Hapoalim is selling its 20% stake in Blender Pay, a consumer credit firm in Israel, prompting Blender's controlling family to consider buying the stake or finding a new inves…
Bank of Israel Plans Limits on Senior Bank Executives’ Variable Pay After Leumi CEO Option Program
The Bank of Israel is set to impose new limits on senior bank executives’ variable pay after Bank Leumi CEO Hanan Friedman received stock options tied to a subsidiary’s performanc…
Israeli Banks Consider Replacing Banking Association CEO Eitan Madmon Following WhatsApp Leak
Israeli banks are considering replacing Eitan Madmon as CEO of the Banking Association after a leaked WhatsApp conversation revealed internal discussions. The move comes amid crit…
Barak Abramov Addresses Criminal Attacks on Japanika Chain and Reveals Call with Minister Ben Gvir
Barak Abramov, owner of the Japanika restaurant chain, denied criminal ties amid attacks on nine branches and revealed a call with National Security Minister Itamar Ben Gvir and p…
