Bank Leumi | Jotup

Leumi concludes Q3 2023 with an approximate NIS 1.8 billion ($463 million) profit

Retrieved on:

Wednesday, November 29, 2023

Net income in the first nine months of 2023 amounted to NIS 5.2 billion ($1.36 billion), compared to NIS 5.38 billion ($1.41 billion) in the corresponding period last year.

Key Points:

Net income in the first nine months of 2023 amounted to NIS 5.2 billion ($1.36 billion), compared to NIS 5.38 billion ($1.41 billion) in the corresponding period last year.
Housing loans as at September 30, 2023 totaled NIS 129.6 billion ($33.9 billion), compared to NIS 120.9 billion ($31.6 billion) as at December 31, 2022 - a 7.2% increase.
Middle-market credit as at September 30, 2023 totaled NIS 64.4 billion ($16.8 billion), compared to NIS 60.8 billion ($15.9 billion) as at December 31, 2022 - a 5.9% increase.
Deposits by small businesses as at September 30, 2023 totaled NIS 53.2 billion ($13.9 billion), compared to NIS 55.4 billion ($14.5 billion) as at December 31, 2022 - a 4.0% decrease.

Bank Leumi to Report Third-Quarter 2023 Financial Results on November 29, 2023

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Tuesday, November 14, 2023

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TEL AVIV, Israel, Nov. 14, 2023 /PRNewswire/ -- Bank Leumi (TASE: LUMI) announced today that it will release its Third-Quarter 2023 Financial Results on Wednesday, November 29, 2023.

Key Points:

TEL AVIV, Israel, Nov. 14, 2023 /PRNewswire/ -- Bank Leumi (TASE: LUMI) announced today that it will release its Third-Quarter 2023 Financial Results on Wednesday, November 29, 2023.
Mr. Omer Ziv, Deputy CEO and Head of the Capital Markets Division, and Ms. Hagit Argov, Head of the Financial Division, will host the results call followed by Q&A.
It will also be available on the Leumi website under Investor Relations, in the Financial Statements page, Investor Presentation and Conference Call.
An archived recording will be available on the Leumi website one business day after the call ends.

Peapack Private Hires James T. Foti, Senior Managing Director, Commercial Private Banker

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Wednesday, September 6, 2023

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BEDMINSTER, NJ, Sept. 06, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that James T. Foti has joined a team of commercial bankers that have recently been hired by Peapack Private to build the Company’s presence with its core competencies across commercial banking, investment banking and wealth management.

Key Points:

BEDMINSTER, NJ, Sept. 06, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that James T. Foti has joined a team of commercial bankers that have recently been hired by Peapack Private to build the Company’s presence with its core competencies across commercial banking, investment banking and wealth management.
James, Senior Managing Director, Commercial Private Banker, will expand the Bank’s footprint with a focus on serving private equity funds, family offices, and closely held middle market businesses.
Prior to that, James served as Vice President, Relationship Manager, covering the Southeast Middle Market at Bank Leumi USA in Miami, FL.
Mr. Foti holds a Bachelor of Science Degree in Economics from the State University of New York (SUNY) at Albany, and is a Graduate of the School of Banking at Louisiana State University.

Dime Names Daniel Shaya Csillag Head of New Healthcare Vertical

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Tuesday, September 5, 2023

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HAUPPAUGE, N.Y., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that Daniel Shaya Csillag will join the Company as Group Head of a newly created Healthcare vertical.

Key Points:

HAUPPAUGE, N.Y., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that Daniel Shaya Csillag will join the Company as Group Head of a newly created Healthcare vertical.
In this role, Csillag will be responsible for building out Dime’s healthcare commercial banking business in the long-term care space.
Most recently, Csillag was at Valley National Bank and predecessor institution Bank Leumi, where he was Group Head of Healthcare.
Adding a healthcare vertical is consistent with our strategic goal of increasing the contribution of Business Loans (C&I and Owner-Occupied) to our balance sheet.

100 Days To Go: Abu Dhabi Finance Week's 2023 Edition Expects Leadership of 3500+ Top Financial Firms from Over 100 Countries

Retrieved on:

Tuesday, August 22, 2023

It will collectively aim to collaborate on maximising the opportunities and minimising the challenges presented within the 'Transition Era'.

Key Points:

It will collectively aim to collaborate on maximising the opportunities and minimising the challenges presented within the 'Transition Era'.
Embracing the Transition Era will build the path to a stronger, more resilient financial landscape through these events placed within ADFW.
The first day will also witness the start of the globally renowned Fortune Global Leadership Summit 2023.
ADFW will continue with Asset Abu Dhabi's second edition which is levelling up to be one of the world's strongest assemblage of global private market leadership.

100 Days To Go: Abu Dhabi Finance Week's 2023 Edition Expects Leadership of 3500+ Top Financial Firms from Over 100 Countries

Retrieved on:

Tuesday, August 22, 2023

It will collectively aim to collaborate on maximising the opportunities and minimising the challenges presented within the 'Transition Era'.

Key Points:

It will collectively aim to collaborate on maximising the opportunities and minimising the challenges presented within the 'Transition Era'.
Embracing the Transition Era will build the path to a stronger, more resilient financial landscape through these events placed within ADFW.
The first day will also witness the start of the globally renowned Fortune Global Leadership Summit 2023.
ADFW will continue with Asset Abu Dhabi's second edition which is levelling up to be one of the world's strongest assemblage of global private market leadership.

Azrieli Group Releases Q2/2023 Results

Retrieved on:

Thursday, August 17, 2023

TEL AVIV, Israel, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Eyal Henkin, CEO of Azrieli Group, said:

Key Points:

TEL AVIV, Israel, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Eyal Henkin, CEO of Azrieli Group, said:
“We are closing another strong quarter with continued growth in all operating parameters.
The Group’s operations in the malls and offices segment presented good results and high occupancy rates.
In accordance with the mechanisms stipulated in the agreement with the partners, Azrieli Group decided to join the sale transaction, and will sell its minority holdings in Compass according to the same valuation.
Subject to the closing of the transaction, the Group is expected to receive a gross consideration of approx.

Leumi concludes Q2 2023 with a NIS 2.4 billion ($649 million) profit - and with a dividend distribution and share buyback of some NIS 1 billion ($270 million)

Retrieved on:

Tuesday, August 15, 2023

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Return on equity in the second quarter of 2023 was 19.4%, compared to 18.5% in the corresponding quarter last year.

Key Points:

Return on equity in the second quarter of 2023 was 19.4%, compared to 18.5% in the corresponding quarter last year.
Efficiency ratio in the second quarter of 2023 was 29.5%, compared with 35% in the corresponding quarter last year.
Dividend and share buyback: The Bank's Board of Directors approved a dividend distribution totaling NIS 736 million ($199 million), which together with a share buyback of NIS 300 million ($81 million) represent approx.
The share buyback which took place is part of an overall plan of up to NIS 800 million ($216 million).

Bank Leumi to Report Second-Quarter 2023 Financial Results on August 15, 2023

Retrieved on:

Tuesday, August 1, 2023

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TEL AVIV, Israel, Aug. 1, 2023 /PRNewswire/ -- Bank Leumi (TASE: LUMI) announced today that it will release its Second-Quarter 2023 Financial Results on Tuesday, August 15, 2023.

Key Points:

TEL AVIV, Israel, Aug. 1, 2023 /PRNewswire/ -- Bank Leumi (TASE: LUMI) announced today that it will release its Second-Quarter 2023 Financial Results on Tuesday, August 15, 2023.
Mr. Omer Ziv, Deputy CEO and Head of the Capital Markets Division, and Ms. Hagit Argov, Head of the Financial Division, will host the results call followed by Q&A.
It will also be available on the Leumi website under Investor Relations, in the Financial Statements page, Investor Presentation and Conference Call.
An archived recording will be available on the Leumi website one business day after the call ends.

Bank Leumi announces that all of its senior management team is giving up part of their salary in exchange for options

Retrieved on:

Monday, July 3, 2023

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TEL AVIV, Israel, July 3, 2023 /PRNewswire/ -- Bank Leumi (TASE: LUMI) announced yesterday that its senior management team has decided to exchange part of their compensation for options that will be issued by the bank.

Key Points:

TEL AVIV, Israel, July 3, 2023 /PRNewswire/ -- Bank Leumi (TASE: LUMI) announced yesterday that its senior management team has decided to exchange part of their compensation for options that will be issued by the bank.
The bank's CEO Mr. Hanan Friedman, all of the members of the Bank's senior management team and Mr. Ron Ben Haim, CEO of Leumi Partners, the bank's investment arm, decided to the exchange, equivalent to around three salaries.
The move represents an expression of faith by the senior management team in the continued strong performance by the bank.
"This move, by which each member of Leumi's senior management team has decided to convert a significant part of their compensation into options, demonstrates a high level of confidence in the future performance of the bank.