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Article: Mizrahi Bank H1 net profit rises 4.2% to NIS 247m.

Article from:
Jerusalem Post
Article date:
August 16, 2005
Author:
Copyright

YIGAL GRAYEFF
Jerusalem Post
08-16-2005
Headline: Mizrahi Bank H1 net profit rises 4.2% to NIS 247m.
Byline: YIGAL GRAYEFF
Edition; Daily
Section: Economics
Page: 18

Tuesday, August 16, 2005 -- United Mizrahi Bank's first-half net profit rose 4.2 percent but was held back by expenses related to its amalgamation with Bank Tefahot.

The company said Monday that net profit in the six months ending June 30 rose to NIS 247 million from NIS 237m. in the same period a year earlier. Earnings from financing operations before provisions for doubtful debt rose to NIS 913m. from NIS 876m., primarily because of the growth of its continuous operations, a rise in the value of foreign currencies and the ...

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