Bank Leumi Reports Record Quarterly Profit of 2.83 Billion Shekels
Bank Leumi posted a record second-quarter profit of 2.83 billion shekels, up 8.5% year-over-year, and approved a 1.4 billion shekel dividend payout.
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- Bank Leumi's Q2 profit reached a record 2.83 billion shekels, up 8.5% from last year.
- Return on equity rose slightly to 16.3% compared to 16.2% in the previous year.
- Without the special bank tax, net profit would be about 3.1 billion shekels with 17.9% return on equity.
- The bank's board approved dividends equal to 50% of the quarterly net profit.
- Total dividend payout amounts to 1.4 billion shekels.
Bank Leumi announced a record profit for the second quarter, reaching 2.83 billion shekels, marking an 8.5% increase compared to the same quarter last year. The bank's return on equity stood at 16.3%, slightly up from 16.2% in the previous year. Excluding the impact of the special tax imposed on banks, the net profit for the quarter would have been approximately 3.1 billion shekels, with a return on equity of 17.9%. Following these results, the bank's board approved a dividend distribution totaling 50% of the quarterly net profit, amounting to 1.4 billion shekels.
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