Category: Mizrahi
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Mizrahi Tefahot Q3 profit jumps 30%
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Mizrahi Tefahot Bank announced net profits of NIS 1.4 billion for the third quarter of 2024, a 30% increase over the corresponding quarter of 2023 with the highest return on equity – 19% – of any Israeli bank announced to date. The bank’s net interest income reached 3.16 billion shekels…
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Mizrahi Tefahot lends Omer Adam’s server farm co NIS 410m
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Mizrahi-Tefahot Bank lends 410 million shekels to Annan data centers. Behind the project is PAI, a company owned by singer Omar Adam and his family. Adam’s business partners, the Maor brothers and Sinir Maloul, owners of the real estate company HSM Europe-Israel Investments; and the Swiss-based Layan Group of Nissim…
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Mizrahi Tefahot lends Omer Adam’s server farm co NIS 410m
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Mizrahi-Tefahot Bank lends 410 million shekels to Annan data centers. Behind the project is PAI, a company owned by singer Omar Adam and his family. Adam’s business partners, the Maor brothers and Sinir Maloul, owners of the real estate company HSM Europe-Israel Investments; and the Swiss-based Layan Group of Nissim…
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Mizrahi Tefahot posts highest Q2 ROE among Israel’s banks
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Mizrahi Tefahot Bank, Israel’s third-largest bank, reported a net profit of NIS 1.45 billion in the second quarter, up 3.4% from the same quarter in 2023. Mizrahi Tefahot is the second bank to report an increase in profits on an annual basis, after Bank Hapoalim. Discount Bank and Bank Leumi…
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Mizrahi Tefahot posts NIS 1.27b profit, declares maximum dividend
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Mizrahi-Tefahot Bank released its first-quarter financials today, reporting a net profit of NIS 1.27 billion, 6.9% less than in the corresponding quarter of 2023, but 21% more than in the previous quarter, which was an unusually bad quarter. For all banks after the outbreak of war. The bank’s annual return…