Israeli Banks Post Strong Figures for 2015

Israel's two largest banks posted a strong year for 2015.

Bank Hapoalim noted its annual revenue rose 2.4 percent last year to NIS 14.36 billion. Net profits rose 13.6 percent to NIS 3.08 billion, according to Globes.

Credit to the public rose 5.8 percent to NIS 278.49 billion and deposits from the public rose 8.2 percent to NIS 321.72 billion.

Bank Leumi’s annual non-interest revenue rose to NIS 6.29 billion in 2015 from NIS 5.14 billion in 2014, although net interest revenue fell to NIS 7.11 billion, from NIS 7.36 billion a year earlier.

Net profit jumped to NIS 2.83 billion for 2015, compared with NIS 1.4 billion in 2014.

Credit to the public grew 3.5 percent to NIS 261.4 billion and deposits from the public rose 8.3 percent to NIS 328.7 billion.