Leumi Group Reports a 17.9% ROE in Q2 2021

Posted: 13th August 2021   |   Share

  • Leumi Reports a 17.9% Return on Equity in Q2 2021 and 16.1% ROE in H1 2021
  • The Bank’s Board of Directors approved a NIS 630 million ($193 million) dividend distribution, which constitutes 30% of the net income for 2020;
  • Significant increase in income alongside a moderate increase in expenses - the efficiency ratio in the first half of 2021 was 46.1% compared to 57.7% in the corresponding period last year. The efficiency ratio in Q2 was 43.1%;
  • The credit portfolio grew 10.1% year-over-year;
  • The loan loss expense reflects a 0.24% income, compared to a 1.19% expense in the corresponding period last year

View the full report here.