Bank Hapoalim Announces 2026 Second Quarter Results
PR Newswire
TEL AVIV, Israel, Aug. 11, 2026
- Net profit in the second quarter totaled NIS 2,488 million; return on equity 15.0%. - Net profit in the first half totaled NIS 4,612 million; return on equity 14.0%. - The impact of the special tax on banks is 1.3%–1.4% annually, in ROE terms. Accordingly, 2Q26 and 1H26 ROE excluding the tax impact is approximately 16.4% and 15.4%, respectively. - Total income increased 19.8% vs. previous quarter, driven by 23.8% growth in financing income. - Total expenses stayed flat QoQ; the cost-income ratio was 30.6% in the quarter and 33.3% in the six-month period. - Credit growth was strong and diversified across all segments of operation, at 14.3% YoY and 3.3% QoQ. - Credit quality metrics remained strong: the NPL ratio was 0.50% and the NPL coverage ratio was 284%. - The CET-1 capital ratio stood at 11.83%, vs. the 10.23% minimum regulatory requirement and 11.0% minimum internal target. - The board of directors declared distribution at an overall rate of 50% of net profit, of which a cash dividend of NIS 995 million (NIS 0.76 per share) and the rest through the exercise of the fourth tranche of the share buyback plan (NIS 249 million).
