Leumi

Bank Leumi (TASE:LUMI) and Mizrahi Tefahot Bank have become the first two Israeli banks to accede to Bank of Israel Governor Prof. Amir Yaron's call to pay interest on consumer current accounts. The banks also fear…

Bank Leumi and the European Investment Bank will strengthen climate action and sustainable development cooperation. The European Investment Bank, the world’s…

Exactly a year ago, Bank Leumi celebrated a record gap (in its favor) between its market cap and that of its chief rival, Bank Hapoalim. At the end of the second quarter of 2022, the gap was NIS 10 billion, as Bank Leumi…

Bank Leumi (TASE:LUMI) reported NIS 981 million net profit in the first quarter of 2023, despite a huge write down of over NIS 1 billion in the valuation of US bank Valley National, in which it holds a 14.2% stake.…

In early 2022, Intel Corp. announced that it was acquiring Israeli chipmaker Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE:TSEM) in a deal due to be completed by February 2023 but meanwhile delayed while awaiting approval…

Bank Leumi estimates that the reduction in value of its stake in the US bank will cut its first quarter profit by 50%. Bank Leumi (TASE:LUMI) reported this morning…

Leumi's shares in Valley National Bankcorp, which were worth NIS 3.6 billion at the end of 2022, are currently worth just NIS 2 billion. Bank Leumi (TASE:LUMI)…

The annual reports of the banks continue to present record results. This morning, Bank Leumi reported a NIS 7.7 billion net profit for 2022, 28% more than in 2021. The net profit for the fourth quarter was NIS 2.3…

Developers and contractors have been offering benefits and discounts to homebuyers for several months, and now one of the big banks is coming to their aid: Bank Leumi, together with Gindi Investments, recently started to…

The shekel weakened sharply against the US dollar and the basket of currencies in December. It weakened against the currencies of all the countries, and particularly against the dollar and the euro. According to Bank…