Discount Group: Improvement in the bank's business - Profit of NIS 893 million in Q3

Posted on Nov 23, 2022 by Ifi Reporter

Discount Group, managed by Uri Levin, publishes the financial statements for the third quarter of 2022, which show an improvement in the bank's business results: the net profit in the third quarter of the year amounted to NIS 893 million, i.e. - an increase of 23.7% compared to the corresponding quarter last year. The return on capital in the third quarter of the year also improved and reached a rate of 15.0%, compared to 13.8% in the corresponding quarter last year.
The net profit in the first nine months of the year amounted to NIS 2.56 billion, which represents an increase of 13.9% compared to the corresponding period last year. A slight improvement was also recorded in the return on capital in the first nine months of the year and it reached a rate of 15.0% compared to 14.9% in the corresponding period last year.
Strong reports for Discount: net profit in the third quarter - NIS 893 million
In the area of ​​credit, Discount has grown since the beginning of the year by 11% overall, by 17.6% in mortgages and by 15% in credit for small and medium businesses.
Uri Levin, CEO of the Discount Group: "Even in this quarter, the Discount Group is showing excellent performance that reflects the strength of the bank and the group. We continue with the determined and successful implementation of the multi-year strategic plan. The strength of Discount is especially significant in this period when signs of an economic slowdown are visible in the economy. Even looking ahead, we will continue to create competition in th


ABOUT IFI TODAY

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum

Newsline

Strauss board of directors ordered the company's management to examine raising a debt of NIS 400 million

Dec 8, 2022 by Ifi Reporter

Strauss board of directors ordered the company's management to examine raising a debt of NIS 400 million. The debt raised from a bank, other financial institution or by issuing bonds will be used to repay credit and finance the company's current activities. The board of directors also... Continue reading →

Israeli cyber company CyCognito laid off about 30 employees - about 15% of the company's workforce

Dec 8, 2022 by Ifi Reporter

The Israeli cyber company CyCognito (CyCognito) laid off about 30 employees, which make up about 15% of the company's workforce of 185 employees in Israel and the United States. According to an estimate, half of the laid-off will come from the company's employees in Israel. The cut is... Continue reading →

CloudWize and Kyndryl Israel have entered into a strategic partnership to enables companies to have maximum cloud security

Dec 8, 2022 by Ifi Reporter

CloudWize and Kyndryl Israel announced today that the companies have entered into a strategic partnership to help bring cloud security and compliance to more businesses in Israel, across the CEE&EM region, and globally. The agreement brings together CloudWize, an innovative agentless... Continue reading →


Testimonials

No testimonials. Click here to add your testimonials.