Israeli based global financial services firm Bank Hapoalim B.M. (BKHYY) Thursday announced a decline in first quarter earnings compared to the prior year. Profit before tax was slightly higher.
Net profit attributable to the shareholders of the bank was New Israeli Shekel or NIS 2.124 bln, down from NIS 2.424 bln last year.
Profit before taxes was NIS 3.457 billion, up from NIS 3.439 bln a year ago.
Net interest income declined to NIS 4.235 billion from NIS 4.275 billion in the prior year. Net financing profit was NIS 4.391 billion compared to NIS 4.600 billion last year.
Operating and other expenses were NIS 2.018 billion, up from NIS 1.989 billion a year ago.
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