Bank Hapoalim’s profit from regular financing activity in the current quarter period increase to NIS2.02bn ($501.4m), compared to a profit of NIS1.9bn ($494m) during the previous quarter.
Net profit attributed to shareholders of the Bank for the six months ended on 30 June 2012 stood at NIS1.26bn ($312m), compared to NIS1.6bn ($397m) during the same period a year ago.
Core Tier 1 Capital Ratio stood at 8.3% at the end of the second quarter of 2012, compared to 7.9% at the end of 2011.
The financial margin from regular activity grew to 2.38% in the second quarter of 2012, against 2.29% in the previous quarter.
Provision for credit losses in the second quarter of 2012 totaled NIS344m ($85.14m) compared to NIS327m ($80.9m) during the same period earlier year.
Fees and other income totaled NIS1.26bn ($313m) in the second quarter of 2012 compared to NIS1.2bn ($303m) during the second quarter last year.
Operating and other expenses summed up NIS2118m ($524m), against NIS 2.01bn ($498m) in the second quarter of 2011.
Bank Hapoalim Group has over 280 branches, eight regional business centers, a network of business branches in Israel.
