Bank Halalana (Level: Poly) Reported NIS 4.3 Billion Revenue from interest in the first quarter of 2025, up 12% from the corresponding quarter of 2024. Total financing revenue, which also includes and non-interest financing income, rose 13% to nis 4.6 billion.
Interest income increases due to other things, in an increase in the average bank credit balance of 9.5% in the first quarter. There is also an increase in interest income because of the asset portfolio turnover and the extension of the average life last year.
The bank, led by CEO Yadin Antebi, was separated by 262 million for credit losses in the first quarter. A large feature of increasing costs for credit losses due to a group provision and automatic writing on S 293 million at the same period, due to province development.
The net tube in the first quarter of 2025 jumped 25% from the corresponding quarter to NIS 2.4 billion. The bank said the increase in net profit was mainly due to an increase in financial profit and recording of tax revenues of Nis 300 million, due to beginning liquidation of the bank’s subsidiary in Switzerland. On the other hand, Deep quotes the increase in credit losses in the previous quarter as a factor that reduces the net profit.
The return of capital 16.4% shows an important development from 14.6% of the corresponding quarter last year.
A division of 40%
The bank’s credit portfolio grows 2.7% in the first quarter, with general public credit (net) in NIS 456 billion at the end of the first quarter. The bank is found that credit portfolio growth is displayed in all parts of the activity. Since the beginning of the year, business credit increases 3.6%, commercial credit increases 3.4%, home credit to small customers increases 1%.
The bank also collects a fee and other income worth 1.1 billion in the first quarter, from the values of handling the barracquate charges of 2024.
In addition, the board of bank directors informed the distribution of 40% of net profits – NIS 970 million. Distribution will be made in cash (NIS 720 million) and the balance (NIS 250 million) by buying its own bank part.
Published in Globes, Israel News in News – en.globes.co.il – On May 18, 2025.
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