Hapoalim releases official Q3 numbers: net profit NIS 802m

//Hapoalim releases official Q3 numbers: net profit NIS 802m

Hapoalim releases official Q3 numbers: net profit NIS 802m

By | 2015-11-15T09:27:41+00:00 November 15th, 2015|Business|0 Comments

After “a human error” led to the publication of the draft financial statements of Bank Hapoalim (TASE: POLI) on Thursday, when the draft was sent to analysts in advance of the conference call set to take place after the statements are officially released, the bank brought forward the release date and published official figures this morning.

Bank Hapoalim made a net profit of NIS 802 million in the third quarter of 2015, compared with NIS 718 million in the corresponding quarter of 2014.

Return on equity was 10.4%, compared with 9.8% in the corresponding quarter.

Profit on regular financing activity was NIS 2.13 billion, compared with NIS 2 billion in the corresponding quarter, while the credit loss expense was NIS 55 million, compared with NIS 80 million in the corresponding quarter.

The bank will distribute a dividend of NIS 160 million.

Bank Hapoalim’s tier 1 capital adequacy ratio in Basel 3 terms was 9.5% at the end of the third quarter of 2015, compared with 9.3% at the end of the third quarter of 2014.

Published by Globes [online], Israel business news – www.globes-online.com – on November 15, 2015

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