Le Lézard
Classified in: Business, Covid-19 virus
Subjects: ERN, CCA, ACC, FVT

Leumi Reports Net Income of NIS 694 Million ($200 Million) in Q2 2020


TEL AVIV, Israel, Aug. 27, 2020 /PRNewswire/ --

Leumi's customer support during the coronavirus crisis:

Development of Balance Sheet Items:

 

 

Leumi Group - Principal Data from the Financial Statements

Profit and Profitability (in NIS millions)


For the six months ended

June 30

Change in %

For the year ended

December 31

2019

2020

2019


Net interest income

4,290

4,586

(6.5)

8,841

Loan loss expenses

1,735

270

+

609

Non-interest income

1,727

2,749

(37.2)

5,081

Operating and other expenses

3,472

3,896

(10.9)

7,908

Profit before taxes

810

3,169

(74.4)

5,405

Provision for taxes

320

1,120

(71.4)

1,830

Profit after taxes

490

2,049

(76.1)

3,575

The Bank's share in losses of companies included
on equity basis

(13)

(14)

7.1

(15)

Net income attributed to non-controlling interests

15

20

(25.0)

38

Net income attributed to shareholders of the
banking corporation

462

2,015

(77.1)

3,522

Return on equity (%)

2.6

11.4


9.8

Earnings per share (NIS)

0.32

1.35


2.37

 

 

Development of Balance Sheet Items (in NIS millions)


As at June 30

December 31

2020

2019

2019

Net credit to the public

284,415

277,634

282,478

Deposits by the public

416,956

374,007

373,644

Shareholders' equity

36,132

35,795

35,406

Total assets

517,650

468,536

469,134

 

 

Principal Financial Ratios (%)


As at June 30

December 31

2020

2019

2019

Net credit to the public to total assets

54.9

59.3

60.2

Deposits by the public to total assets

80.5

79.8

79.6

Total equity to risk assets

15.71

15.07

15.67

Total Tier 1 equity to risk assets

11.49

11.64

11.88

Leverage ratio

6.71

7.13

7.34

Liquidity coverage ratio

133

125

123

The data in this press release has been converted into US dollars solely for convenience purposes, at the representative exchange rate published by the Bank of Israel on June 30, 2020, NIS 3.466.

 

Conference Call Details:

A conference call to discuss the results will be held today at 5 PM (Israel); 3 PM (UK); 10:00 AM (ET).

It is recommended to connect to the link at least 10 minutes prior to the beginning of the call. An archived recording will be available on the Leumi website one business day after the call ends.

Conference Call Dial-in Details (no passcode required):

Israel:  03-9180685
UK:   0-800-051-8913
US & Canada:  1-888-281-1167
All other locations:  +972-3-918-0685

The conference call does not replace the need to review the latest periodic/quarterly reports containing full information, including forward-looking information, as defined in the Israeli Securities Law, and set out in the aforementioned reports.

For more information visit www.leumi.co.il or contact Daphna Golden, VP, Head of Investor Relations, at Daphna.Golden@bankleumi.co.il

SOURCE Bank Leumi


These press releases may also interest you

at 23:05
3iQ Corp. ("3iQ") is pleased to announce that the Class A Units of The Bitcoin Fund will commence trading in Canadian dollars on the Toronto Stock Exchange on October 22, 2020 under the symbol "QBTC." The Class A Units will trade under their existing...

at 22:48
Petróleo Brasileiro S.A. ? Petrobras ("Petrobras") today announced the expiration and expiration date results of the previously announced offers to purchase for cash by its wholly-owned subsidiary Petrobras Global Finance B.V. ("PGF") of any and all...

at 22:33
Ag Growth International Inc. ("AGI") will hold a conference call on Thursday November 12, 2020, at 8:00 a.m. EST to discuss its results for the three and six-months ended September 30, 2020. A news release announcing AGI's results will be issued...

at 22:00
transcosmos inc. will be the exclusive sales partner to HERO, a virtual shopping app provided by Hero Towers Limited (Headquartered in London and New York). Hero powers the virtual shopping experience for global fashion brands like Nike, Levi's and...

at 21:56
NEWS HIGHLIGHTS SK hynix will pay US $9 billion for the Intel NAND memory and storage business, which includes the NAND SSD business, the NAND component and wafer business, and the Dalian NAND memory manufacturing facility in China. SK hynix aims to...

at 21:54
In the news release, "Innodisk Brings Fail-Safe Remote Management to IoT Solutions With New ASUS Partnership" issued on Oct. 16, 2020 by Innodisk Corporation over PR Newswire, PR Newswire is advised that in the first paragraph, "ASUS is equipping its...



News published on 27 august 2020 at 06:39 and distributed by: