Leumi 2024 - Financial Results
Posted: 7th March 2025 | Share
Key Messages
▪ Return on equity in Q4 2024: 16.2%
▪ Capital return in Q4 2024 amounts to NIS 980 million ($269 million), out of which NIS
706million ($194 million) is cash dividend and the remainder is share buyback – which
together constitute 40% of the net income for the quarter. Total capital return for 2024
amounts to approx. NIS 4 billion ($1.1 billion)
▪ Best efficiency ratio among Israeli banks: 29.9%
▪ In 2024,the loan portfolio was up by 8.6% and deposits by the public were up by 8.9%
▪ Loan portfolio quality: NPL ratio and rate of troubled debts continue to be low,
standing at 0.5% and 1.4% respectively
▪ Robust financial indicators: liquidity coverage ratio of 123%, Tier 1 capital ratio of 12.17%
and total capital ratio of 14.83%
▪ Bank Leumi sets financial targets for the first time: For the years 2025-26, the bank is
targeting an annual net income of NIS 9-11 billion ($2.5 - $3.0 billion); return on equity
of 15%-16% per year; capital return of at least 50% of the net income each year; and an
annual growth in the loan portfolio of 8%-10%