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Bank Hapoalim Reports 25% Profit Surge Amid Gaza Conflict

5/20/2025

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Summary

Story summary

Bank Hapoalim achieved a Q1 2025 profit of 2.42 billion shekels, a rise from 1.94 billion last year, fueled by higher financing income and credit growth.
The bank allocated 262 million shekels for potential credit losses due to economic uncertainty from the Gaza conflict.
It intends to distribute 970 million shekels to shareholders, upholding a 40% payout ratio.

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Story summary

Bank Hapoalim achieved a Q1 2025 profit of 2.42 billion shekels, a rise from 1.94 billion last year, fueled by higher financing income and credit growth.
The bank allocated 262 million shekels for potential credit losses due to economic uncertainty from the Gaza conflict.
It intends to distribute 970 million shekels to shareholders, upholding a 40% payout ratio.