The decline in inflation and interest rates eroded the net profit of Bank Leumi by 13%

Bank Leumi reported a 13% decline in net profit for the third quarter, amounting to 508 million shekels, due to lower inflation and falling interest rates. The return on equity fell to 13.8% compared to 16.2% in the corresponding quarter. Credit to the public grew by 22% over the year.

Bank Leumi recorded a 13% erosion in net profit for the third quarter of 2026, amounting to 508 million shekels. The decline was driven, among other factors, by the effects of lower inflation and falling interest rates in the economy. The bank's return on equity, under the management of Eli Cohen and controlled by Zadik Bino, stood at 13.8%, down from 16.2% in the corresponding quarter last year. The bank reported revenues of 9 million shekels in the item attributed to expenses for credit losses, a figure indicating high quality of the credit portfolio, compared to expenses of 17 million shekels in the corresponding quarter. The bank's credit to the public grew by 22% over the year and at a rate of 5% within the quarter, a pace indicating rapid expansion in lending to customers. Total customer asset portfolio grew by approximately 16.9% compared to the corresponding period last year, reaching about 1.26 trillion shekels. Equity attributable to the bank's shareholders amounted to approximately 14.5 billion shekels.