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 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.
The Chairman of Bank Leumi, Dr. Samer Haj-Yehia, recently attended key international conferences in the Persian Gulf aimed at enhancing regional economic collaborations. Highlighting the potential of fintech in the Middle East, he emphasized Bank Leumi's technological advancements and willingness to partner with regional banks to enhance customer experience. Dr. Haj-Yehia's engagements included speaking at the Abu Dhabi Financial Week and the Milken Institute MEA Summit. His efforts are part of a broader strategy to strengthen economic ties within the region.
Bank Leumi (TASE: LUMI) will announce its Third-Quarter 2022 Financial Results on November 29, 2022. The call will feature Mr. Omer Ziv, EVP & CFO, hosting a Q&A session at 5 PM Israel time (3 PM UK, 10 AM ET). Interested participants can join via dial-in numbers specific to their location. An accompanying presentation will be available on the Israeli Securities Authority reporting website and on Leumi's Investor Relations page. An archived recording will also be accessible on the website the following business day.
Bank Leumi reported strong financial results for Q2 and H1 of 2022, with a net income of NIS 2 billion ($571 million) in Q2 and NIS 3.6 billion ($1.03 billion) in the first half. The return on equity was 18.5% for Q2 and 17.1% for H1, while the credit portfolio grew by 12.3% in H1. The efficiency ratio improved to 35% in Q2. Additionally, the Bank announced a dividend of NIS 400 million ($114 million), about 20% of Q2 net income. This follows the merger completion with Valley Bank, recognizing a profit of NIS 645 million post-merger.
Bank Leumi (TASE: LUMI) will release its financial results for the period ending June 30, 2022, on August 16, 2022. The conference call, led by EVP & CFO Omer Ziv, is scheduled for 5 PM (Israel), 3 PM (UK), and 10 AM (ET). Dial-in details for various regions are provided, and a presentation will be available on the Israeli Securities Authority's reporting website and the Leumi website under Investor Relations. An archived recording will be accessible on the website one business day after the call.
Bank Leumi successfully raised NIS 2.75 billion in a recent share issuance, exceeding initial expectations due to high demand from both Israeli and foreign institutional investors. The stock priced at NIS 30.25 per share saw more than double the demand during the issuance. This capital raising aims to strengthen Leumi's growth strategy and enhance its credit portfolio in corporate, commercial, and mortgage sectors, potentially increasing returns for shareholders.
Leumi Bank reported a strong performance for Q1 2022, with net income of NIS 1.6 billion ($504 million), up from NIS 1.3 billion ($409 million) in Q1 2021. The return on equity improved to 15.6%, compared to 14.2% the previous year. Credit growth was robust at 7.6%. The bank finalized a merger with Valley National, contributing an income of NIS 645 million ($203 million). Additionally, a dividend of NIS 322 million ($101 million) will be distributed, representing 20% of net income.
Bank Leumi (TASE: LUMI) will announce its Q1 2022 financial results on May 24, 2022. The results call will be led by Omer Ziv, EVP & CFO, at 5 PM Israel, 3 PM UK, and 10 AM ET. Dial-in numbers include Israel: 03-9180610, UK: 0-800-917-9141, US & Canada: 1-888-407-2553. A presentation will be available on the Israeli Securities Authority reporting site and Leumi's Investor Relations page on the same day. An archived recording will be accessible the following business day.
Bank Leumi has announced the sale of its Tel Aviv headquarters, Beit Mani, to Sella REIT for NIS 623 million. The transaction is expected to yield a pre-tax profit of NIS 524 million. This strategic move is part of the Bank's plan to transfer operations to a new headquarters in Lod by the end of 2023. The sold property includes two buildings, a modern office tower and the historical Beit Mani, situated in a prime area of Tel Aviv near major transport and urban developments.