Bank Hapoalim publishes its financial reports: a net profit of approximately NIS 1.8 billion in Q3

Bank Hapoalim publishes its financial reports for the third quarter of 2022: the bank concludes another quarter with strong results - a net profit of approximately NIS 1.8 billion in the third quarter according to the following parameters:
• The return on capital on the net profit was 15.9% in the quarter
• The net profit in the first nine months of the year was about NIS 4.8 billion compared to about NIS 4.0 billion in the corresponding period last year
• The efficiency ratio continued to improve even in the third quarter and amounted to 41.5%
• The bank continues a trend of responsible growth paying attention to macroeconomic developments and uncertainties in the markets: the credit portfolio increased during the quarter by 2.6% and completed an increase of 8.2% since the beginning of the year while maintaining quality and strong credit indices
• The bank continues to present high strength and stability indicators: Tier 1 capital ratio of 11.1% and total capital ratio of 14.3%
Following the successful data, the bank announced the distribution of a dividend amounting to NIS 536 million.