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Bank Leumi CEO Hanan Friedman   credit: Oren Dai Head office building sale boosts Leumi profit

Bank Leumi posted a NIS 2.8 billion net profit for the first quarter, three times its profit in the corresponding quarter when it wrote down its stake in National Valley Bank.

Dollar exposure  credit Tali Bogdanovsky (using Adobe Firefly) Israelis' overseas exposure keeps rising, and with it the risks

The diversion of investments abroad by the institutions that manage Israelis' pensions and savings has accelerated in the past couple of years.

Moshe Lary  credit: PR Mizrahi Tefahot posts NIS 1.27b profit, declares maximum dividend

The bank's credit portfolio grew by 6% in comparison with the first quarter of 2023, but financing income fell.

Smadar Barber-Tsadik  credit: Tamar Matsafi Smadar Barber-Tsadik set to return to FIBI group

A year after stepping down as CEO of First International Bank, Barber-Tsadik is in talks on becoming CEO of its parent company FIBI Holdings.

Bank Hapoalim CEO Dov Kotler credit: Cadya Levy Bank Hapoalim to distribute 40% of NIS 1.94b Q1 profit

The high dividend was agreed with the Bank of Israel, despite the regulator's instruction to the banks to consider more conservative dividends.

National Insurance Institute offices in Beersheva  credit: Tali Bogdanovsky Israel's National Insurance faces an empty purse by 2036

Prof. Avia Spivak: Raise taxes and the retirement age, and there will be no problem.

Supervisor of Banks Daniel Hahiashvili   credit: Eyal Izhar, Shlomi Yosef  processing: Tali Bogdanovsky Regulator signals banks to keep dividends low

Israel's banks generally distribute 40% of their quarterly profits, but are again expected to cut this by half.

Residential construction in Ashkelon  credit: Shutterstock/Yuri Dondish April mortgage taking shows continuing recovery

Mortgage taking in April 2024 was 28% higher than in April 2023.

Adv. Sharon Nahari  credit: Vladimir Dima New hope for Israeli cryptocurrency users

Adv. Sharon Nahari discusses the the prospects of a voluntary disclosure procedure at the Israel Tax Authority for digital currencies.

Dov Kotler  credit: Tamar Matsafi Dov Kotler stepping down as Bank Hapoalim CEO

Kotler has headed the bank for five years. A search committee has been formed to find his successor and "Globes" names some of the leading candidates.

RiseUp app company website Israeli fintech co RiseUp lays off 50

The move does not apparently reflect a lack of cash in the company's coffers, but rather the cuts will allow RiseUp to achieve profitability.

Nayax CEO Yair Nechmad  credit: David Zisser "I did some risky things"

Nayax co-founder and CEO Yair Nechmad talks about the reasons for the payments company's Nasdaq offering, and how it was built without VC investment.

One Zero CEO Gal Bar Dea credit: Cadya Levy One Zero CEO: Banks should promote economic welfare

Gal Bar Dea told the Globes Tech IL Conference that a bank's role is not only to look after customers' money but also to promote their economic welfare.

KPMG's Ilanit Adesman and Ofer Golan credit: Tamar Matsafi and Cadya Levy Private cos challenge central banks on digital currencies

At the Globes Tech IL Conference, KPMG Israel senior executives provided insights into the dramatic race to provide digital currencies.

Home loans   credit: Tali Bogdanovsky Mortgage loans back to pre-war level in March

The new home market is resurgent, but purchases of secondhand homes are stagnant, and mortgage loans are still below the multi-year average.

Roman Abramovich credit: Reuters/Maxim Shemetov Supreme Court blocks Abramovich donation to ZAKA

Overturning a lower court decision, the Supreme Court says that pending a full hearing of its appeal, Mizrahi Tefahot Bank should not transfer the NIS 8 million donation by Roman Abramovich.

Governor of the Bank of Israel Amir Yaron  credit: Yonatan Bloom BoI governor: Israel's actual rating is BBB

Amir Yaron says the market is pricing Israeli government debt higher regardless of the credit agencies, and warns of a 16% rise in direct taxes unless haredim participate fully in the workforce.

Gal Bar Dea credit: Eyal Izhar One Zero cumulative losses mount to NIS 800m

The Israeli digital bank lost NIS 357 million last year but says it will be profitable by the end of 2025.

Dori Nawi  credit: Eyal Izhar BoI blocks Nawi Brothers takeover of Isracard

The Bank of Israel will not permit nonbanking credit company Nawi Brothers Group to control the credit card company with a stake of just 25%.

Israel's big five banks credit: Eyal Izhar, Tali Bogdanovsky Regulator to declare big banks as concentration group

The Israel Competition Authority wants to encourage more competition in retail banking.

People prefer liquidity  credit: Shutterstock In a crisis, Israelis prefer liquidity to interest

Bank current account balances, which declined for most of last year, started to rise sharply after the outbreak of war, but the trend may now be reversing again.

Bank Leumi branch  credit: Eyal Izhar Leumi posts NIS 7b 2023 profit despite large US write-down

Last year's profit was 9% lower than in 2022, mainly because of a NIS 1.1 billion write down on Bank Leumi's stake in US bank Valley National.

Mizrahi Tefahot Photo: Eli Yizhar Mizrahi Tefahot ends 2023 with record NIS 5b profit

In the fourth quarter of 2023, Mizrahi Tefahot reported net profit of NIS 1.05 billion, down 4.5% from the preceding quarter and down 3.5% from the corresponding quarter of 2023.

Israel Discount Bank branch  credit: Shutterstock Israel Discount Bank 2023 profit up 20%

The bank's board of directors has decided to distribute a dividend of 20% of the profits in the fourth quarter amounting to NIS 184 million.

Yoni Assia credit: eToro PR eToro mulls downsized Wall Street IPO

The Israeli online trading platform's CEO Yoni Assia told "The Financial Times" eToro is mulling an IPO at a valuation of over $3.5 billion, well below the $10.4 billion of its aborted SPAC merger.

Yair Nechmad  credit: Nayax Nayax announces secondary offering, Brazilian acquisition

The unattended points of sale solutions company is buying VMtecnologia, and issuing 2.1 million new shares.

Bank Hapoalim branch  credit: Aviv Gottlieb Hapoalim posts NIS 7.4b 2023 profit, cuts dividend to 20%

The lower dividend is in line with recent Bank of Israel guidelines. The net profit is 12.7% higher than in 2022.

Alex Bouaziz Credit: Deel Deel buys South African payroll co PaySpace for $100m

By acquiring PaySpace, Deel becomes the first global payroll and Employer of Record (EOR) with its own full-stack payroll engine localized in 50 countries.

Matan Bar credit: Dana Tamari Melio lays off 40 employees in Israel

This is the fintech company's second round of layoffs since 2022 when 10% of 600 employees were dismissed.

Dori Nawi credit: Eyal Izhar Nawi Brothers Group seeks controlling stake in Isracard

The Israeli nonbanking credit finance company is to submit a request to the Bank of Israel to acquire control of the credit card company.

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