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Bank Hapoalim Reports 2.1% Profit Decline in Q2 2026 Amid Interest Rate Cuts and New Tax

How 4 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Globes · 23 hours ago

What happened

Bank Hapoalim reported a 2.1% profit decline in Q2 2026 to 2.49 billion shekels, impacted by lower interest rates and a new tax. Credit growth helped sustain income despite a 7% profit drop in the first half of 2026. The bank will distribute dividends equal to half its profits. Other major Israeli banks will release their earnings shortly.

01Bank Hapoalim's Q2 2026 profit fell 2.1% to 2.49 billion shekels amid interest rate cuts and new tax.
02First-half 2026 profit dropped 7% to 4.6 billion shekels, with a 14% return on equity.
03Credit volume rose 6.6% to 536 billion shekels, supporting financing income.
04Deposits increased 4.3% to 618.1 billion shekels; credit loss expenses remained stable.
05Efficiency ratio improved to 30.6% from 32.8% in the previous quarter.
06Bank will pay dividends of 50% of profits, totaling 1.24 billion shekels.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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