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ISRAEL AT WAR - DAY 368

Bank Leumi Le-Israel Ltd.

Illustrative: An Ireland supporter holds a Palestinian flag on the stands during the Euro 2024 group B qualifying soccer match between Gibraltar and Ireland at the Argarve Stadium, outside Faro, Portugal, Oct. 16, 2023. (AP/Joao Matos)
April 8, 2024, 1:00 pm
Ireland’s sovereign investment fund to divest from six Israeli firms
Irish government will pull investments from Israel’s largest banks plus a supermarket chain active in East Jerusalem and West Bank
By Reuters and ToI Staff
View of the Tel Aviv Stock Exchange on November 29, 2020. (Miriam Alster/ Flash90/ File)
December 6, 2023, 11:05 pm
Israeli regulator finds no ‘suspicious’ or abnormal trading ahead of Hamas assault
Israel Securities Authority rebuffs US research claiming a ‘significant’ spike occurred in short-selling of Israeli stocks in period leading up to massacre
By Sharon Wrobel
Illustrative: Houses destroyed when Hamas terrorists infiltrated Kibbutz Be'eri on October 7, seen on October 25, 2023. (Edi Israel/Flash90)
November 14, 2023, 7:04 pm
Valley Bank CEO: Danger is that we no longer recognize truth of Oct. 7 atrocities
Ira Robbins, CEO of New Jersey-based bank, says he flew to Israel to visit Kibbutz Be’eri and heard horror stories from the families who survived and whose children were abducted
By Sharon Wrobel
Signing of financial closure of purple light rail project from right to left: Shapir Group CEO Israel Shapira, CAF CEO of Integrated Solutions Systems Urtzi Montalvo, NTA - Metropolitan Mass Transit System CEO Haim Glick, and HSBC Israel CEO Michael Israel, July 4, 2023. (NTA)
July 5, 2023, 3:34 pm
HSBC and Leumi to provide $1.1 billion in financing for Tel Aviv purple light rail
Line will run from the eastern part of the Tel Aviv metropolitan area via Ramat Gan and Givatayim to the city center
By Sharon Wrobel
European Investment Bank (EIB) Vice President Gelsomina Vigliotti (right) with Alan Tavir, CEO of IDE Technologies Group and European Union Ambassador to Israel Dimiter Tzantchev announce EIB support for Western Galilee desalination project, June 25, 2023. (Courtesy)
June 25, 2023, 9:28 pm
EU financial arm to invest €900m in Israel, including Western Galilee desalination
European Investment Bank allocates €150 million for water facility plus €500m in Bank Leumi credit to encourage green business projects, and assesses €250m for Tel Aviv light rail
By Sharon Wrobel
A branch of Bank Leumi in central Jerusalem (Maxim Dinshtein/Flash90)
May 23, 2023, 3:14 pm
Bank Leumi earns NIS 981m in 1st quarter, down 39%, after US bank value writedown
Net interest income jumps 36% to NIS 3.9 billion in the first quarter of 2023 from last year’s Q1; bank announces dividend, share buyback
By Sharon Wrobel
Illustrative: Israelis walk next to Bank Leumi in Jerusalem, on November 16, 2014. (Yonatan Sindel/ Flash90/ File)
May 7, 2023, 2:43 pm
Leumi expects first-quarter profit to slide 50% due to drop in US bank stake value
Leumi estimates that it will need to write down the value of its 14.2% stake in Valley National Bancorp by NIS 1b, as shares in the US bank have lost 33% of their value this year
By Sharon Wrobel
Illustrative image: Israelis walk next to Bank Leumi in Jerusalem on November 16, 2014. (Yonatan Sindel/Flash90)
March 14, 2023, 5:52 pm
Leumi posts biggest profit among Israel’s banks, fueled by steady rate hike
Net profit in 2022 rose 27% to a record NIS 7.7 billion; net interest income jumped 28% to NIS 13.2 billion versus the previous year
By Sharon Wrobel
A branch of Bank Leumi in central Jerusalem (Maxim Dinshtein/Flash90)
From the WebMay 27, 2021, 3:56 pm
Israel’s Bank Leumi bullish on further 2021 profits
Reuters: Israel’s largest lender posted a jump in net profit to NIS 1.34 billion ($413 million) in the first quarter as economy rebounds post-corona
View of the Tel Aviv Stock Exchange, December 25, 2018. (Adam Shuldman/Flash90)
March 24, 2021, 3:02 pm
Investors yawn at election stalemate as focus stays on pandemic, global markets
‘People have gotten used to the fact that this is how it is here, and believe that in the end things will work out,’ says capital markets strategist at Bank Leumi
By Shoshanna Solomon
Bank Hapoalim CEO Dov Kotler, right, meets with CEO of the National Bank of Bahrain Jean-Christophe Durand in Manama, Bahrain in Nov. 2020 (Courtesy)
January 17, 2021, 12:22 pm
Israeli lenders Hapoalim and Leumi sign accords with National Bank of Bahrain
‘Historic’ memorandums of understanding seen as paving the way for business parties in both nations to tighten economic ties
By Shoshanna Solomon
A Bank Leumi in Jerusalem, November 16, 2014. (Yonatan Sindel/Flash90)
From the WebNovember 17, 2020, 11:32 am
Israel’s Bank Leumi third quarter profit dips, loan loss provisions triple
Reuters: The decline in net profit was lower-than-expected, as the surge in loan-loss provisions due to COVID-19 was offset by higher net interest income and lower expenses
Bank Leumi's chairman Samer Haj Yehia, fourth from left, High Excellency Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, fifth from left, and CEO Hanan Friedman, second from right, with UAE officials; Sept. 14, 2020 (Courtesy)
September 15, 2020, 5:42 pm
Israel’s Bank Leumi, UAE banks sign accords to promote business ties
Leumi symbolically sends each bank a money transfer of $180, or ’10 times life’ in Jewish tradition, to mark historic day of Israel and UAE cementing diplomatic relations
By Shoshanna Solomon
Illustrative photo of 200 new Israeli shekel bills, February 7, 2016. (Nati Shohat/Flash90)
September 10, 2020, 2:52 pm
Why, amid collapsing economy wracked by COVID, is shekel near a 12-year high?
The shekel-dollar rate went below psychological threshold of NIS 3.40 to the dollar on September 1, the Israeli currency’s strongest level since July 2008
By Shoshanna Solomon
A Bank Leumi in Jerusalem, November 16, 2014. (Yonatan Sindel/Flash90)
From the WebAugust 27, 2020, 2:36 pm
Israel’s Bank Leumi Q2 profit falls less than expected
Reuters: Leumi reported net profit of NIS 694 million ($204 million) in the quarter, compared with NIS 923 million a year earlier and NIS 430 million forecast by a poll of analysts
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