Q3 2024 Bank Hapoalim BM Earnings Call Transcript

Nov 18, 2024 / 03:00 PM GMT

Transcript

Key Points

Positve

Bank Hapoalim BM (BKHPF) reported a strong return on equity of 13.6% for the quarter and 14.9% for the nine-month period.
The bank achieved a 3.4% credit growth in the quarter, translating to a 6.4% year-on-year growth across all segments.
The NPL ratio decreased to 0.71%, with an NPL coverage ratio of 224%, indicating improved credit quality.
The bank maintained a strong capital position with a CT1 ratio of 11.9%, exceeding the minimum internal target.
A 40% distribution of net profit was achieved through cash dividends and buybacks, reflecting strong shareholder returns.

Negative

The Israeli economy's business sector GDP is down 2.8% from Q3 2023, indicating economic challenges.
Inflation rose by 3.5% over the last 12 months, driven by wage pressures and expansionary fiscal policy.
The budget deficit stands at 7.9% of GDP, overshadowed by the costs of ongoing conflict.
Credit card revenues decreased significantly, attributed to reduced travel and tourism activities.
The bank recorded a 300 million shekel loss from bond realizations, impacting the quarter's financial results.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

POLI.TA - Bank Hapoalim BM
Q3 2024 Bank Hapoalim BM Earnings Call
Nov 18, 2024 / 03:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and gentlemen, thank you for standing by. Welcome to the Bank of Pauline third quarter, 2024 results conference call for your convenience. This call will be accompanied by a powerpoint presentation. May we suggest if you have not yet done so that you access the presentation on the bank's website? Www dot bank app paim dotcom. By clicking on financial information on the homepage and then click on the third quarter, 2024 report presentation.

All participants are present in listen-only mode following management's formal presentation instructions will be given for the question and answer session for operator assistance during the conference. Please press star zero as a reminder. This conference is being recorded November 18th 2024

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.