BANK LEUMI LE ISRAEL - BLMIF STOCK NEWS

The Chairman of Bank Leumi, Dr. Samer Haj-Yehia, recently attended key international conferences in the Persian Gulf aimed at enhancing regional economic collaborations. Highlighting the potential of fintech in the Middle East, he emphasized Bank Leumi's technological advancements and willingness to partner with regional banks to enhance customer experience. Dr. Haj-Yehia's engagements included speaking at the Abu Dhabi Financial Week and the Milken Institute MEA Summit. His efforts are part of a broader strategy to strengthen economic ties within the region.

Bank Leumi (TASE: LUMI) will announce its Third-Quarter 2022 Financial Results on November 29, 2022. The call will feature Mr. Omer Ziv, EVP & CFO, hosting a Q&A session at 5 PM Israel time (3 PM UK, 10 AM ET). Interested participants can join via dial-in numbers specific to their location. An accompanying presentation will be available on the Israeli Securities Authority reporting website and on Leumi's Investor Relations page. An archived recording will also be accessible on the website the following business day.

Bank Leumi reported strong financial results for Q2 and H1 of 2022, with a net income of NIS 2 billion ($571 million) in Q2 and NIS 3.6 billion ($1.03 billion) in the first half. The return on equity was 18.5% for Q2 and 17.1% for H1, while the credit portfolio grew by 12.3% in H1. The efficiency ratio improved to 35% in Q2. Additionally, the Bank announced a dividend of NIS 400 million ($114 million), about 20% of Q2 net income. This follows the merger completion with Valley Bank, recognizing a profit of NIS 645 million post-merger.

Bank Leumi (TASE: LUMI) will release its financial results for the period ending June 30, 2022, on August 16, 2022. The conference call, led by EVP & CFO Omer Ziv, is scheduled for 5 PM (Israel), 3 PM (UK), and 10 AM (ET). Dial-in details for various regions are provided, and a presentation will be available on the Israeli Securities Authority's reporting website and the Leumi website under Investor Relations. An archived recording will be accessible on the website one business day after the call.

Bank Leumi successfully raised NIS 2.75 billion in a recent share issuance, exceeding initial expectations due to high demand from both Israeli and foreign institutional investors. The stock priced at NIS 30.25 per share saw more than double the demand during the issuance. This capital raising aims to strengthen Leumi's growth strategy and enhance its credit portfolio in corporate, commercial, and mortgage sectors, potentially increasing returns for shareholders.

Leumi Bank reported a strong performance for Q1 2022, with net income of NIS 1.6 billion ($504 million), up from NIS 1.3 billion ($409 million) in Q1 2021. The return on equity improved to 15.6%, compared to 14.2% the previous year. Credit growth was robust at 7.6%. The bank finalized a merger with Valley National, contributing an income of NIS 645 million ($203 million). Additionally, a dividend of NIS 322 million ($101 million) will be distributed, representing 20% of net income.

Bank Leumi (TASE: LUMI) will announce its Q1 2022 financial results on May 24, 2022. The results call will be led by Omer Ziv, EVP & CFO, at 5 PM Israel, 3 PM UK, and 10 AM ET. Dial-in numbers include Israel: 03-9180610, UK: 0-800-917-9141, US & Canada: 1-888-407-2553. A presentation will be available on the Israeli Securities Authority reporting site and Leumi's Investor Relations page on the same day. An archived recording will be accessible the following business day.

Bank Leumi has announced the sale of its Tel Aviv headquarters, Beit Mani, to Sella REIT for NIS 623 million. The transaction is expected to yield a pre-tax profit of NIS 524 million. This strategic move is part of the Bank's plan to transfer operations to a new headquarters in Lod by the end of 2023. The sold property includes two buildings, a modern office tower and the historical Beit Mani, situated in a prime area of Tel Aviv near major transport and urban developments.

Pepper Invest, a digital investment platform by Leumi, has launched cryptocurrency trading, becoming the first banking platform in Israel to do so. This service allows customers to trade Bitcoin and Ethereum for as little as NIS 50 per transaction, with tax complexities handled directly by the bank. The initiative follows a collaboration with US-based Paxos, a regulated blockchain infrastructure provider. This new offering aims to simplify the process of buying, holding, and selling cryptocurrencies, marking a significant innovation in the Israeli banking sector.