Financial Results
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Israeli Banks Boost Second-Quarter Profit as Provisions Fall
Israel’s two largest lenders, Bank Hapoalim Ltd. and Bank Leumi Le-Israel Ltd., posted higher second-quarter profit as provisions for bad loans declined. Bank Leumi net rose 69 percent to 474 million shekels ($131 million) as provisions to cover bad loans dropped 75 percent to 84 million shekels, the country’s second-biggest…
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Click here to read the full story: Bloomberg