trending Market Intelligence /marketintelligence/en/news-insights/trending/oqoqtororttuogjnlgzhig2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Bank Hapoalim's Q4'17 profit up YOY as loan loss provisions drop

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good


Bank Hapoalim's Q4'17 profit up YOY as loan loss provisions drop

Bank Hapoalim BM reported fourth-quarter 2017 net profit attributed to shareholders of 612 million Israeli shekels, up from 138 million shekels in the prior-year period.

EPS for the quarter was 46 agorot, compared to 10 agorot a year earlier.

Net interest income rose year over year to 2.23 billion shekels from 2.03 billion shekels, while total noninterest income declined to 1.47 billion shekels from 1.66 billion shekels.

The Israeli lender booked a provision for credit losses of 24 million shekels in the quarter, compared to the year-ago 469 million shekels.

For full year 2017, the bank's net profit attributed to shareholders increased on a yearly basis to 2.66 billion shekels from 2.63 billion shekels. EPS amounted to 1.99 shekels, compared to the year-ago 1.97 shekels.

Bank Hapoalim said a CHF45 million provision related to the investigation of the group's business with American clients was included in 2017. Bank Hapoalim (Schweiz) AG made a negative contribution of 334 million shekels, compared to a negative contribution of 331 million shekels in 2016.

Excluding the investigation and the costs of the discontinuation of the bank's activity in Switzerland, Bank Hapoalim's full-year 2017 amounted to 3.35 billion shekels, compared to 3.15 billion shekels a year ago.

Return on equity was 7.50% in 2017, compared to 7.72% in 2016.

The lender said it exceeded its capital adequacy targets, with its common equity Tier 1 ratio standing at 11.26% at the end of 2017, compared to 11.01% at 2016-end.

The bank's board of directors resolved to distribute a dividend of 18.345 agorot per share of par value of 1 shekel for the fourth quarter of 2017. The dividend will be paid April 11, with a record date of April 3.

As of March 23, US$1 was equivalent to 3.49 Israeli shekels.