Israel’s Bank Hapoalim Sees Profit Up 25% This Year
- Bank expects 7% annual loan growth as Israeli economy recovers
- Profit hit record in 2024 on real-estate, infrastructure loans
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Israel’s Bank Hapoalim — one the country’s two largest lenders — said Monday it expects profit to grow as much as 25% next year, with strong lending enduring the impact of the country’s longest, most expensive war ever.
Hapoalim sees net income between 8.5 billion and 9.5 billion shekels ($2.4 billion to $2.6 billion) in each of the next two years, as the bank projects a pick up in Israel’s economy to continue driving loan growth.