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Article: Bank Hapoalim Q2 net profit climbs 12.6% to NIS 601m.
- Article from:
- Jerusalem Post
- Article date:
- August 19, 2005
- Author:
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YIGAL GRAYEFF
Jerusalem Post
08-19-2005
Headline: Bank Hapoalim Q2 net profit climbs 12.6% to NIS 601m.
Byline: YIGAL GRAYEFF
Edition; Daily
Section: Economics
Page: 17
Friday, August 19, 2005 -- Bank Hapoalim's second-quarter net profit climbed 12.6 percent, driven up by a 30% fall in provisions for doubtful debt and a rise in operating and other income.
The bank said on Thursday that in the three months ending June 30, net earnings rose to NIS 601 million from NIS 534m. in the same period a year earlier, while operating and other income rose to NIS 1.12 billion from NIS 1.04b.
Provision for doubtful debt fell to NIS 333m. from NIS 476m., and profit from financing activity before provision for ...