Company Profile For Bank Hapoalim B.M.

Bank Hapoalim B.M. (POLI.TA) (Tel Aviv Stock Exchange)

sector: Financials · industry: Banks ·

As of 25 Nov 2009

1,465.00

Price Change

+26.00

Percent Change

+1.81%

Analyst Recommendations

Overview

Bank Hapoalim Ltd. (the Bank) has developed a network of branches and an array of commercial banking activities, in all areas of banking, providing a range of banking and financial services to its customers. In addition to its operations in Israel, the Bank also operates abroad through branches, representative offices, and subsidiaries, as well as through relationships with over 2,400 correspondent banks worldwide. The Bank’s international operations includes Europe, the United States, Canada, Latin America, Asia and Australia. The Bank also has investments, primarily in the areas of insurance and real estate, through equity-basis investees. The activity of the Bank is managed through six segments of activity: Household, Private Banking, Small Business, Commercial, Corporate, Financial Management. In May 2008, the Company sold Bank Massad and on July 2008, it sold Bank Yahav.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Bank Hapoalim Ltd.'s interest income totaled NIS9.11B, vs. a loss of NIS7.13B. Net interest income after loan loss provision totaled NIS2.08B, vs. a loss of NIS353M. Net income before extraordinary items totaled NIS401M, vs. a net loss of NIS1.46B. Net interest income reflects an increase in credit issued to the public. Net income before extraordinary items reflects lower higher share profits.