Bank Hapoalim B.M. Announces Consolidated Earnings for the Third Quarter and Nine Months Ended September 30, 2016
November 17, 2016 at 01:45 am
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Bank Hapoalim B.M. announced consolidated earnings for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported net income attributable to the bank of ILS 699 million or ILS 0.52 per basic share compared to ILS 802 million or ILS 0.60 per basic share in the same quarter last year. Total income was ILS 3,582 million compared to ILS 3,533 million a year ago. Net return of profit attributed to shareholders of the bank on equity was 8.3% compared to 10.4% a year ago.
For the nine months, the company reported net income attributable to the bank of ILS 2,490 million or ILS 1.87 per basic share compared to ILS 2,496 million or ILS 1.88 per basic share in the same quarter last year. Total income was ILS 11,032 million compared to ILS 10,904 million a year ago. Net return of profit attributed to shareholders of the bank on equity was 9.9% compared to 10.6% a year ago.
Bank Hapoalim BM is an Israel-based company. It operates in Israel and abroad and provides banking and financial services. The division of Company's activity is based on types of products and services or on types of customers. The Companyâs activities are divided into a few segments: Households, Private banking, Small businesses and microbusinesses, Mid-sized businesses, Large businesses, Institutional entities, Financial management, Other and International Activity Segment.