Bank Leumi Posts $940M Net Income in Strong Second Quarter

The bank’s performance was underpinned by a 9% growth in its loan portfolio since the start of the year, with corporate credit leading the charge at a 14% increase. Despite this rapid expansion, credit quality remained resilient. The non-performing loan ratio held at 0.45%, while loan loss expenses stayed low at 0.20% for the quarter. These figures highlight a period of successful execution for the bank’s strategic plan, which aims for an annual net income between NIS 9 billion and 11 billion.

Operational efficiency remains a cornerstone of the bank's current strategy. Leumi maintained an efficiency ratio of 24.7%, a significant improvement from the 29.1% recorded in the first quarter of 2026. Management attributes this performance to the ongoing integration of artificial intelligence and advanced technology leadership. Reflecting this stability, the bank announced a total capital return of NIS 1.4 billion—comprising both cash dividends and share buybacks—which accounts for 50% of the quarter's net income. As of June 30, the bank reported a Common Equity Tier 1 capital ratio of 11.65% and a liquidity coverage ratio of 122%.