Leumi releases Q1 2021 results, Reports Net Income of NIS 1,340 Million ($402 Million)
Posted: 27th May 2021 | Share
Leumi Reports Net Income of NIS 1,340 Million ($402 Million) and 15% ROE in Q1 2021
- Significant increase in income alongside a moderate increase in expenses - the efficiency ratio in the first quarter was 49.4% compared to 74.7% in the corresponding period last year;
- Credit portfolio grew by 4.1% in the first quarter;
- Loan loss expense reflects a 0.28% income, compared to an expense rate of 1.2% in the same period last year