Welcome to our dedicated page for Bank Leumi news (Ticker: BLMIF), a resource for investors and traders seeking the latest updates and insights on Bank Leumi stock.
Bank Leumi (BLMIF), a cornerstone of Israel's financial sector, provides comprehensive banking services through retail networks, corporate solutions, and innovative digital platforms. This page serves as your centralized source for verified news and official announcements from one of Israel's most established financial institutions.
Access timely updates on earnings reports, strategic partnerships, and regulatory developments that shape the bank's operations. Investors will find essential information on dividend announcements, credit portfolio updates, and leadership changes, while analysts can track long-term performance metrics and market positioning strategies.
Our curated news collection covers key areas including digital banking innovations, corporate lending initiatives, and risk management practices. All content is rigorously verified to ensure accuracy and relevance for financial decision-making.
Bookmark this page for direct access to Bank Leumi's latest financial disclosures and operational updates. Check regularly for new insights into the bank's role in Israel's evolving economic landscape and its responses to global financial trends.
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.
Leumi Bank reported a significant net income of approximately NIS 6 billion ($1.9 billion) for 2021, compared to NIS 2.1 billion ($675 million) in 2020. The return on equity reached 15%, and the credit portfolio grew by 16.1% across various segments. The Board approved a NIS 588 million ($189 million) dividend distribution, adding to the NIS 2 billion ($643 million) dividend for the first nine months. Operating expenses increased by 5.4% to NIS 7.428 billion ($2.3 billion).
Bank Leumi will announce its Q4 and Annual 2021 financial results on March 9, 2022. The event will be hosted by Hanan Friedman, President & CEO, and Omer Ziv, EVP & CFO, via a Zoom call at 5 PM Israel time (10 AM ET). Interested participants can join through a provided link and a passcode of 695233. An accompanying presentation will be available on the Israeli Securities Authority website and Bank Leumi's Investor Relations page. A recorded version will be accessible the following business day.
Bank Leumi reported a significant increase in net income for the first nine months of 2021, totaling NIS 4,558 million ($1,412 million), up from NIS 1,212 million ($375 million) in 2020. The Q3 net income was NIS 1,551 million ($480 million). The return on equity rose to 15.7%, with a Q3 figure of 16%, attributed to increased income and reduced loan loss provisions. The bank announced a dividend distribution of NIS 1,367 million ($423 million), representing 30% of its net income. Additionally, loan loss income reached NIS 729 million ($226 million), indicating a robust improvement in financial health.
Bank Leumi will release its Third Quarter 2021 financial results on November 16, 2021. The results call, hosted by Omer Ziv, EVP & CFO, is set for 5 PM Israel time, 3 PM UK, and 10 AM ET. Dial-in details include:
- Israel: 03-918-0610
- UK: 0-800-917-9141
- US & Canada: 1-888-407-2553
- Other locations: +972-3-918-0610
The accompanying presentation will be available on the Israeli Securities Authority's website and Bank Leumi's Investor Relations page. An archived recording will be accessible the following business day.
Bank Leumi has signed an agreement to merge Bank Leumi USA with Valley National Bank, valuing the former at approximately $1.2 billion. This strategic move aims to enhance Leumi's presence in the U.S. market, where it will hold over 14% of the merged entity. The deal will pay around 90% of proceeds in Valley common stock, with the remainder in cash. The merger, expected to finalize in early 2022, will create the 29th largest bank on the U.S. exchange, broadening operational capabilities in high-tech, venture capital, real estate, and private banking.
Bank Leumi reported a significant financial turnaround for H1 2021, posting a net income of NIS 3,007 million ($922 million), compared to NIS 462 million ($142 million) in H1 2020. In Q2, net income reached NIS 1,667 million ($511 million). The return on equity was 17.9% in Q2 and 16.1% for H1. A NIS 630 million ($193 million) dividend distribution was approved. The loan portfolio grew by 10.1%, driven by corporate and mortgage segments.
Bank Leumi (TASE: LUMI) will release its Second Quarter 2021 financial results on August 12, 2021. The results call, hosted by Omer Ziv, EVP & CFO, is scheduled for 5 PM Israel time, 3 PM UK, and 10 AM ET. Dial-in details include:
- Israel: 03-918-0610
- UK: 0-800-917-9141
- US & Canada: 1-888-407-2553
- Other locations: +972-3-918-0610
A presentation will be available on the Leumi website and the call will be recorded for later access.
Bank Leumi (TASE: LUMI) anticipates a pre-tax profit of approximately NIS 253 million from its investment in ironSource following its IPO on NASDAQ. The bank sold 1,290,230 shares during the merger with Thoma Bravo Advantage, accounting for NIS 39 million of the profits, with NIS 214 million from a revaluation of its remaining stake. Leumi Partners, under Avi Ortal, will retain about 0.75% of ironSource's shares, which are subject to a 6-month contractual restriction. The bank also expects additional profits from its investment in Retailors.
