/PRNewswire/ Bank Hapoalim (TASE: POLI) (ADR: BKHYY) today announced its financial results for the second quarter ended June 30, 2021. Key highlights Net.
Bank Hapoalim Announces First Quarter 2021 Results
May 13, 2021 04:24 ET | Source: Bank Hapoalim Bank Hapoalim Tel Aviv, ISRAEL
Credit portfolio grows by 1.4% for the quarter, mainly in the commercial and housing-loan segments
Positive impacts on net profit: strong underlying business performance, improved macroeconomic indicators, increased financial-market activity
Significant capital surplus – CET-1 capital ratio 11.67%
TEL AVIV, Israel, May 13, 2021 (GLOBE NEWSWIRE) Bank Hapoalim (TASE: POLI) (ADR: BKHYY), today announced its financial results for the first quarter ended March 31, 2021.
Key highlights:
Net profit in the first quarter of 2021, totaled NIS 1,354 million, compared with NIS 192 million in same quarter last year. The results were supported by strong underlying business performance, an improvement in economic indicators, which led to a reduction of the collective provision for credit losses and increa