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 le-Israel (BLMIF) is tied to Bank Leumi, a commercial bank that regularly publishes detailed financial and operational updates. On this news page, readers can follow Bank Leumi’s public announcements, which cover quarterly and annual results, capital markets activity and the bank’s response to economic and geopolitical conditions in Israel.
Recent news releases focus on net income, return on equity, efficiency ratios and growth in key balance sheet items such as net credit to the public, housing loans, corporate credit and deposits by the public. Bank Leumi also reports on loan portfolio quality, highlighting low non‑performing loans and troubled debt ratios, and explains its collective loan loss provisions in light of ongoing uncertainty.
Another recurring theme in the bank’s news flow is capital strength and shareholder distributions. The bank discloses common equity Tier 1 and total capital ratios, leverage and liquidity coverage ratios, while also announcing cash dividends and share buyback programs, often expressed as a percentage of net income. It has also communicated financial targets for 2025–2026, including goals for net income, return on equity, capital return and loan portfolio growth.
Bank Leumi’s news items describe a wide range of relief measures and social initiatives linked to war‑time conditions, such as benefits for IDF reservists, business owners, self‑employed customers and residents of southern and northern confrontation lines. The bank details exemptions and reductions on loan and mortgage payments, interest relief on overdrafts, grants and donations, as well as projects like multi‑year assistance to Kibbutz Be'eri, support for farmers through the "National Harvest" project, education support via the "Leumi Matriculation" initiative and the "Bank Leumi Wedding Project" for reservist couples.
Capital markets updates also appear in the news, including announcements of conference calls and webcasts for analysts and investors, and the timing of quarterly and annual results releases. One notable item describes Bank Leumi’s issuance of covered bonds abroad, which it presents as the first such issuance by an Israeli bank to foreign investors, backed by a mortgage portfolio and rated above the State of Israel’s most recent bond issuance.
Investors and observers who want to follow developments related to BLMIF can use this page to review Bank Leumi’s earnings announcements, capital actions, loan portfolio trends, relief programs and capital markets transactions as they are reported in official news releases.
Leumi Partners Ltd., a subsidiary of Bank Leumi, exercised its option to invest in Retailors Ltd. on May 13, 2021. The shares acquired will be sold under an IPO prospectus published the same day, aiming for completion on May 18, 2021. This move is expected to record a pre-tax profit of NIS 90 million for Bank Leumi. Post-IPO, Leumi Partners will own 6.81% of Retailors' shares, which will be restricted for up to 18 months following the listing.
Bank Leumi is set to release its First Quarter 2021 financial results on May 27, 2021. The results will be presented by Omer Ziv, EVP & CFO, during a conference call scheduled for 5 PM Israel, 3 PM UK, and 10:00 AM ET. Dial-in details are provided for various regions. Accompanying presentations will be available on the Israeli Securities Authority reporting website and the Leumi website under Investor Relations. An archived recording will be accessible one business day after the call. For additional information, visit www.leumi.co.il.
Leumi and Tarya Fintech have announced a strategic partnership to develop a cutting-edge digital mortgage platform. This joint initiative, part of Leumi's modernization efforts, aims to simplify the mortgage process, providing a transparent and user-friendly experience for customers. The platform is designed to respond quickly to customer needs, reducing red tape and streamlining approvals. Leumi, a leader in banking innovation, will work closely with Tarya, Israel's largest P2P lending company, leveraging technology to enhance mortgage offerings.
In 2020, Leumi reported a net income of NIS 2,102 million ($654 million), down from NIS 3,522 million ($1,096 million) in 2019, primarily due to increased loan loss expenses linked to the coronavirus crisis. The fourth quarter net income rose to NIS 890 million ($277 million). The loan loss expense for 2020 surged to NIS 2.6 billion ($809 million), reflecting a 0.88% rate. Deposits grew by 19.6% to NIS 447 billion ($139 billion). Leumi approved NIS 6.4 billion ($2 billion) in business loans amid the crisis, underscoring its commitment to support customers. The CET1 capital ratio stood at a strong 11.9%.
Bank Leumi will announce its Q4 and Annual 2020 financial results on March 9, 2021. The results call will be hosted by Hanan Friedman, President & CEO, and Omer Ziv, EVP & CFO, at 5 PM Israel time, 3 PM UK, and 10 AM ET. Dial-in numbers for various locations, including Israel, the UK, and the US, have been provided. A presentation accompanying the results will be published on the Israeli Securities Authority reporting website and Bank Leumi's Investor Relations page. Archived recordings will be available the next business day.
Bank Leumi reported a net income of NIS 694 million ($200 million) for Q2 2020, down from NIS 923 million ($266 million) in Q2 2019. In H1 2020, net income was NIS 462 million ($133 million), a decrease attributed to increased loan loss expenses totaling NIS 1.7 billion ($501 million). However, the bank saw growth in deposits, which rose by 11.5% year-on-year, and a 7.4% increase in its commercial loan portfolio.
Bank Leumi will release its Second Quarter 2020 financial results on Thursday, August 27, 2020. The results call, hosted by Omer Ziv, EVP & CFO, is scheduled for 5 PM Israel time (3 PM UK, 10 AM ET). Dial-in numbers include 03-9180644 for Israel, 0-800-917-5108 for the UK, and 1-866-860-9642 for the US & Canada, with a global number of +972-3-918-0644. A presentation will accompany the call, available on their website. An archived recording will also be accessible post-call.