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.
The bank's credit loss expense soared 365%, but it still posted a NIS 279 million quarterly profit.
Bank Leumi's provisions for the effects of the coronavirus pandemic fell entirely in the first quarter.
Mortgages worth $5 billion were taken in April, the Bank of Israel reports.
MUFG Innovation Partners has tripled its investment in Fundbox’s Series C round, bringing total equity funding in the round to almost $200 million.
Start-Up Nation Central CEO Eugene Kandel warns Israel's tech ecosystem won't recover from the crisis without Israeli institutional investors.