Welcome to our dedicated page for Bank Leumi news (Ticker: BLMIF), a resource for investors and traders seeking the latest updates and insights on Bank Leumi stock.
Bank Leumi le-Israel (BLMIF) is tied to Bank Leumi, a commercial bank that regularly publishes detailed financial and operational updates. On this news page, readers can follow Bank Leumi’s public announcements, which cover quarterly and annual results, capital markets activity and the bank’s response to economic and geopolitical conditions in Israel.
Recent news releases focus on net income, return on equity, efficiency ratios and growth in key balance sheet items such as net credit to the public, housing loans, corporate credit and deposits by the public. Bank Leumi also reports on loan portfolio quality, highlighting low non‑performing loans and troubled debt ratios, and explains its collective loan loss provisions in light of ongoing uncertainty.
Another recurring theme in the bank’s news flow is capital strength and shareholder distributions. The bank discloses common equity Tier 1 and total capital ratios, leverage and liquidity coverage ratios, while also announcing cash dividends and share buyback programs, often expressed as a percentage of net income. It has also communicated financial targets for 2025–2026, including goals for net income, return on equity, capital return and loan portfolio growth.
Bank Leumi’s news items describe a wide range of relief measures and social initiatives linked to war‑time conditions, such as benefits for IDF reservists, business owners, self‑employed customers and residents of southern and northern confrontation lines. The bank details exemptions and reductions on loan and mortgage payments, interest relief on overdrafts, grants and donations, as well as projects like multi‑year assistance to Kibbutz Be'eri, support for farmers through the "National Harvest" project, education support via the "Leumi Matriculation" initiative and the "Bank Leumi Wedding Project" for reservist couples.
Capital markets updates also appear in the news, including announcements of conference calls and webcasts for analysts and investors, and the timing of quarterly and annual results releases. One notable item describes Bank Leumi’s issuance of covered bonds abroad, which it presents as the first such issuance by an Israeli bank to foreign investors, backed by a mortgage portfolio and rated above the State of Israel’s most recent bond issuance.
Investors and observers who want to follow developments related to BLMIF can use this page to review Bank Leumi’s earnings announcements, capital actions, loan portfolio trends, relief programs and capital markets transactions as they are reported in official news releases.
Bank Leumi, based in Tel Aviv, announced on March 19, 2023, that it signed a new collective agreement with its workers' committee. This agreement aims to adapt to the evolving high-tech banking landscape, ensuring employees receive enhanced social benefits while allowing the bank increased managerial flexibility. Key points include a higher employee quota under a technology agreement, a mechanism for periodic pay raises tied to return on equity, and improved benefits for various employee groups. The target return for a full bonus in 2023 is set at 17%. CEO Hanan Friedman emphasized the importance of this agreement for growth and employee welfare.
Bank Leumi reported a strong financial performance for 2022, with a net income of
Bank Leumi, based in Tel Aviv, Israel, is set to release its Fourth Quarter and Full Year 2022 Financial Results on March 14, 2023. A conference call will take place at 4 PM Israel time, featuring key executives, including Hanan Friedman, President and CEO. Analysts and investors can join the call via various international numbers. A webcast will also be available, with registration required. The presentation related to the financial results will be accessible on the Israeli Securities Authority reporting website and Bank Leumi's Investor Relations page. Archived recordings will be posted the next business day.
Bank Leumi has signed a strategic agreement with the European Investment Bank (EIB) to secure a EUR 500 million credit line aimed at supporting SMEs in Israel. This initiative, part of Leumi's broader strategy, focuses on financing green and environmental projects, with a target of providing NIS 35 billion in green credit by 2030. As of 2021, Leumi's green credit outstanding totaled NIS 12 billion. Additionally, the bank raised USD 500 million in early 2023 through Tier 2 Subordinated Green Notes, further facilitating eco-friendly investments.
Bank Leumi announced the successful issuance of $500m in Tier 2 Subordinated Green Notes, attracting over $1.7bn in demand from institutional investors globally. This marks a significant step in its eco-friendly financing strategy, with plans to allocate proceeds towards renewable energy, green construction, and waste recycling projects. By 2030, Leumi aims to provide NIS 35bn in green credit, having already reached NIS 12bn by the end of 2021. The issuance reinforces Leumi's commitment to sustainability and its prominent position in international markets.
Bank Leumi reported a net income of NIS 1.8 billion ($508 million) for Q3 2022, up from NIS 1.6 billion in Q3 2021. For the first nine months, net income reached NIS 5.4 billion ($1.5 billion), compared to NIS 4.6 billion the previous year. The efficiency ratio stands at 39.1% for Q3 and 39.5% year-to-date, indicating the bank's strong operational efficiency. Credit portfolio grew by 17.9%, focusing on corporate and mortgage segments. A dividend of NIS 356 million ($100 million) will be distributed for Q3.
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