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ISRAEL AT WAR - DAY 572

Bank Hapoalim

Illustrative: Parked airplanes belonging to Israir and El Al at Ben Gurion International Airport, August 8, 2020. (Olivier Fitoussi/FLASH90)
March 10, 2025, 2:35 pm
Daily Briefing Mar. 10: Day 521 – Israeli banks gain in war, El Al gets company on NY route
Tech editor Sharon Wrobel discusses lenders’ profits, Israir’s new TLV-NY plans; reporter Diana Bletter analyzes allegations against IDF in Gaza and non-Jewish villagers’ return home
By Jessica Steinberg, Diana Bletter and Sharon Wrobel
The Bank of Israel's main offices in Jerusalem, January 2, 2023. (Yonatan Sindel/ Flash90)
February 26, 2025, 4:50 pm
Israeli banks told to set aside $839m to offer customers lower fees and other benefits
Bank of Israel urges banks profiting from high interest rates to provide benefits, as households, small businesses, and other war-affected populations struggle to make ends meet
By Sharon Wrobel
Photographer Ziv Koren's 'Naval Commando fighters in training' 2009, photograph, part of the Bank Hapoalim 'Israeli Art' exhibit opening February 15, 2025 (Courtesy)
February 11, 2025, 3:07 pm
Nova community to get proceeds of exhibit showcasing Israeli art
Bank Hapoalim’s annual ‘Israeli Art’ event will donate 75% of proceeds from sales to helping survivors, the bereaved and families of hostages taken from rave on October 7
By Jessica Steinberg
Illustration: Israelis withdraw money from Bank Hapoalim cash machines. (Yonatan Sindel/Flash90)
November 18, 2024, 10:48 pm
Major lenders’ profits soar as banks cash in on wartime interest rate growth
As homes and businesses grapple with loan repayments, Hapoalim sees quarterly profit rise 14% fueled by NIS 4.58b in net interest income; Discount’s profit jumps 39%, Leumi’s 30%
By Sharon Wrobel
Offices of Discount and Hapoalim banks in the center of Tel Aviv (Miriam Alster/ FLASH90)
February 14, 2024, 7:26 pm
After credit downgrade, Moody’s lowers deposit ratings of Israel’s five largest banks
Lower rating increases borrowing costs for banks, which in turn will likely be passed on to consumers and lead to higher lending rates
By Sharon Wrobel
An illustrative view of a Bank Hapoalim branch in central Jerusalem on July 27, 2022. (Yonatan Sindel/Flash90)
November 16, 2023, 4:01 pm
Bank Hapoalim defers NIS 17.8 billion in loan and mortgage payments due to war
Bank set aside a provision for credit losses of NIS 662 million in the third quarter amid increased risk of an economic slowdown
By Sharon Wrobel
View of the Bank Hapoalim offices in the center of Tel Aviv. August 4, 2015. (Miriam Alster/Flash90)
May 22, 2023, 2:06 pm
Bank Hapoalim posts NIS 2.01b quarterly profit fueled by 49% jump in interest income
Net profit surges 21.3%, prompting bank to raise dividend payout 10 percentage points to 40% of quarterly profit as it benefits from steady interest rate hikes over past year
By Sharon Wrobel
Prime Minister Benjamin Netanyahu attends a Knesset session on March 20, 2023 (Erik Marmor/Flash90)
March 21, 2023, 2:35 pm
5 bank heads to PM: Stop overhaul immediately, you’ll turn Israel into dictatorship
Top business leaders call on PM to halt contentious legislative process, saying it ‘undermines the foundations of democracy’ and will damage economy and society as a whole
By ToI Staff
A branch of Signature Bank is photographed, in New York, March 12, 2023. (Bobby Caina Calvan/AP)
March 13, 2023, 11:02 am
US regulators shut down crypto-friendly Signature Bank as financial crisis grows
NY-based financial institute founded by Bank Hapoalim, which sold stake in 2005, collapses as investors pull deposits following crash of SVB; 3rd largest bank failure in US history
By Agencies and ToI Staff
View of the Bank Hapoalim offices in the center of Tel Aviv. August 4, 2015. (Miriam Alster/Flash90)
March 9, 2023, 7:55 pm
Bank Hapoalim posts record NIS 6.5b profit in 2022 amid steady rate hikes
Net interest income increased 38% to NIS 13.5 billion as the Bank of Israel hiked borrowing costs from a low of 0.4% in April to 3.25% in November 2022
By Sharon Wrobel
View of the Bank Hapoalim offices in the center of Tel Aviv. August 4, 2015. (Miriam Alster/Flash90)
January 1, 2023, 7:18 pm
Bank Hapoalim to halt mortgage rate hikes for over 10,000 first-time homeowners
Israeli bank to freeze mortgage rates for borrowers facing repayment difficulty as the Bank of Israel is expected to raise interest rates again on Monday
By Sharon Wrobel
View of the Bank Hapoalim offices in the center of Tel Aviv. August 4, 2015. (Miriam Alster/Flash90)
January 3, 2022, 2:11 pm
Bank worker charged with pocketing NIS 114,000 in cash deposited by clients
Sarit Hori worked for three years at Bank Hapoalim’s Tel Aviv cash hub, where customers dropped off money in envelopes
By ToI Staff
Taking a tour in Tel Aviv's Sarona complex, one of many being offered in the city over the Passover 2021 holiday (Courtesy Riki Rahman)
March 24, 2021, 9:28 pm
With an exodus from COVID rules underway, this Passover offers events galore
Before, during and after the Seder, Israelis can celebrate the festival with concerts, workshops, games and tours, now that most pandemic restrictions have been lifted
By Jessica Steinberg
People visit an exhibit at the GITEX technology summit in Dubai, United Arab Emirates, Dec. 7, 2020. (AP Photo/Jon Gambrell)
December 8, 2020, 11:10 am
Israeli delegation appears at UAE’s major Gitex tech summit for the first time
Dubai event draws 200 entrepreneurs and businesspeople from Israel for networking with Gulf counterparts
By Luke Tress
Dov Kotler, CEO of Israel's Bank Hapoalim, in Dubai, United Arab Emirates, September 9, 2020. (AP Photo/Kamran Jebreili)
September 15, 2020, 4:10 am
Largest banks in Israel, UAE sign cooperation agreement
Bank Hapoalim CEO says deal with National Bank of Dubai will allow Israeli clients direct transactions in the Emirates and other countries
By Agencies and ToI Staff
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