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FINANCIAL SERVICES

Eldad Fresher Mizrahi Tefahot reports biggest profit of Israel's banks

Net profit was NIS 357 million, down 11.6% from NIS 404 million in the first quarter of 2019 but nevertheless, the biggest profit of Israel's banks.

Uri Levin / Photo: Eyal Izhar, Globes Discount Bank jumps on Q1 results

The bank's credit loss expense soared 365%, but it still posted a NIS 279 million quarterly profit.

Hanan Friedman Leumi posts NIS 232m Q1 loss

Bank Leumi's provisions for the effects of the coronavirus pandemic fell entirely in the first quarter.

Aura residential construction project / Photo: Eyal Izhar, Globes Mortgage taking in Israel remained high in April

Mortgages worth $5 billion were taken in April, the Bank of Israel reports.

Eyal Shinar / Photo: Ashley Batz Mitsubishi UFJ invests $20m in B2B payment co Fundbox

MUFG Innovation Partners has tripled its investment in Fundbox’s Series C round, bringing total equity funding in the round to almost $200 million.

Eugene Kandel  / Photo: Oria Tadmor "After crisis local institutions must invest in Israeli tech"

Start-Up Nation Central CEO Eugene Kandel warns Israel's tech ecosystem won't recover from the crisis without Israeli institutional investors.

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