Bank Hapoalim Announces Second Quarter 2019 Financial Results
BANK HAPOALIM B.M. S/ADR (BKHYY)
NASDAQ:AMEX Investor Relations:
bankhapoalim.com/wps/portal/int/lobbyir
Company Research
Source: GlobeNewswire
TEL AVIV, Israel, Aug. 15, 2019 (GLOBE NEWSWIRE) -- Bank Hapoalim (TASE: POLI) (ADR: BKHYY), Israel's leading financial group, today announced its financial results for the second quarter ended June 30, 2019. Key financial highlights: Net profit - totaled NIS 871 million, compared with a net profit of NIS 920 million in the corresponding quarter of 2018, a decline of approximately 5.3%.Return on equity (ROE) - totaled 9.3%, compared with 10.5% in the corresponding quarter of 2018.Excluding net capital gains in the amount of NIS 137 million from the public sale offering of Isracard*, and costs associated with the closure of the Bank’s international private banking operations, net profit for the reported quarter totaled NIS 800 million (ROE of 8.5%).Income from regular financing activity - totaled NIS 2,572 million compared with NIS 2,470 million in the corresponding quarter of 2018, an increase of 4.1%.Cost income ratio - totaled 57.5% for the second quarter of 2019, (exc
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