Mizrani Tefahot Bank (Tase: MZTF) becomes the end of the main banks to report its first quarter result. Net earnings via Netet NIS 2.8 billion, 4.2% more than the corresponding quarter of 2024. The net grows associated with the corresponding quarter, in NIS 1.3 billion.
The bank, led by Mose Lary, reports a 10% year-year-old public increase in NIS 363 billion. Financing revenue from regular activity has grown by 2% to NIS 2.84 billion.
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Mizrani Teaning Loans Portfolio grows 9.2% of the year until the end of March. “Alongside maintenance of our leadership in the mortgages market, and even widening of the gap from our competitors, developments in credit to other segments stand out favorably.” The bank’s corporate credit portfolio grows 13.4% year-on-year. The credit of many businesses was shot at 18.4%, while the credit of national businesses increased by 12.3%.
The capital return bank is an annual 16.2% of the first quarter, from 18.2% of the corresponding quarter. This is the lowest quarterly return of equity recorded at the bank last year. In the second quarter of 2024, the annual return of equity reached 19.9%.
Credit loss costs 40% below the first quarter of 2025 than the corresponding quarter, in NIS 103 million. As a proportion of the general net credit public, the provision for credit losses is 0.11% at the end of the first quarter, half end of the first quarter, at the end of the first quarter of 2024. At any time, it was at least time, it was a low proportion.
Published in Globes, Israel News in News – en.globes.co.il – On May 21, 2025.
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