Leumi Reports Q4 and 2020 Annual Results
Posted: 9th March 2021 | Share
Loan Portfolio Grows in 2020:
- Corporate - 10.7%, Middle-Market - 9.8%, Mortgages - 6.9%
- Substantial Improvement in the Efficiency Ratio
- The high loan loss expenses, due to the coronavirus crisis, decreased net income to NIS 2.1billion ($654 Million)
- ROE in Q4 reached 9.8%
- Substantial capital surplus: Tier 1 Capital Adequacy Ratio was 11.9%