Bank Hapoalim Announces Q413 Results

News: Israel-based Bank Hapoalim posted a net profit of ILS651mn (US$188mn) in Q413, down from ILS652mn (US$188.3mn) in Q412. However, it was above ILS607mn (US$175.3mn) predicted by analysts polled by Reuters. Net financing income fell to ILS2.07bn (US$597.8mn) in Q413 from ILS2.11bn (US$609.3mn) in Q412. Fees and other income grew to ILS1.39bn (US$401.4mn) from ILS1.31bn (US$378.3mn) during the same period. A dividend of ILS106mn (US$30.6mn) was approved by the bank's board for the quarter.

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Geography: Israel

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