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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
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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
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