Bank Leumi

Azrieli Group Reports Q4/2023 and Y2023 Results

Retrieved on: 
Thursday, March 21, 2024
Growth, Azrieli Group, Property, Azrieli, Iron, Sale, Question and Answer, CBD, Bank Leumi, NOI, Bank statement, Investment, Lehavim, FFO

NIS 1 billion

Key Points: 
  • NIS 1 billion
    Danna Azrieli, Chairwoman of Azrieli Group: “2023 was a challenging year for Israeli society, even before the outbreak of the Iron Swords War.
  • Eyal Henkin, CEO of Azrieli Group: “We are ending a year full of activity and continued growth, with the relief given to the tenants of our malls due to the Iron Swords War having had a relatively moderate impact on the Q4 results.
  • NOI in Y2023 was up around 8% and totaled some NIS 2,113 million, compared with some NIS 1,953 million year-over-year.
  • The accounting effects of the transaction were recorded in Q4, and the operating results of Compass are not included starting from Q3/2023 results.

Bank Leumi concludes 2023 with a net income of approx. NIS 7 billion ($1.93 billion)

Retrieved on: 
Tuesday, March 19, 2024
War, Organization, Farmer, Growth, Valley Bank, Rehabilitation, ESG, Share repurchase, IDF, Bank, History, Bank Leumi, Bank statement, Common equity, National bank, NPL, TEL, HQ, Corporation

Net income in 2023, net of the one-off deduction recorded in the first quarter with respect to the investment value in Valley National Bank totaled NIS 8.1 billion ($2.23 billion).

Key Points: 
  • Net income in 2023, net of the one-off deduction recorded in the first quarter with respect to the investment value in Valley National Bank totaled NIS 8.1 billion ($2.23 billion).
  • Net credit to the public as at December 31, 2023 totaled NIS 419.5 billion ($115.7 billion), compared to NIS 384.8 billion (106.1 billion) as at December 31, 2022 - a 9.02% increase.
  • Credit to retail customers as at December 31, 2023 totaled NIS 30.2 billion ($8.3 billion), compared to NIS 32.5 billion ($9.0 billion) as at December 31, 2022 - 7.08% decrease.
  • Credit to small businesses as at December 31, 2023 totaled NIS 26.2 billion ($7.2 billion), compared to NIS 26.7 billion ($7.4 billion) as at December 31, 2022 - a 1.87% decrease.

AU10TIX Strengthens Leadership Team with Seven Key Appointments Over Past Year, Accelerating Growth Strategy

Retrieved on: 
Wednesday, February 7, 2024
Growth, HP, Cellebrite, CFO, Lamdan, Senior, CMO, History, International, Check Point, TEL, CA Technologies, Tech Mahindra, Tax, Metasploit, Marketing, Bank Leumi, Microsoft, FP, OTT, IronSource, HR, AU10TIX, Alcatel-Lucent, EY, Management

These appointments are a strategic response to AU10TIX's significant growth and continuing global expansion.

Key Points: 
  • These appointments are a strategic response to AU10TIX's significant growth and continuing global expansion.
  • She is responsible for business development, sales, customer retention, loyalty, and customer experience across all facets of the company's operations.
  • "We are thrilled to have these seven talented leaders on the AU10TIX team as we prepare for another year of extraordinary growth," said Dan Yerushalmi, CEO of AU10TIX.
  • "This strategic expansion underscores AU10TIX's commitment to innovation, excellence, and continued leadership in the digital identity verification landscape."

Vintage Investment Partners Announces Two New Members of Its Strategic Advisory Board

Retrieved on: 
Tuesday, January 30, 2024
Entrepreneurship, Senior, Presidency of Barack Obama, GBS, National Council, Former, Hadassah Medical Center, Research, Ovarian cancer, Hebrew University of Jerusalem, Bank, Genius, CFA, Bank of Israel, University, LLB, Fidelity, Central Waqf Council, Economics, PGD, P&G, Education, Strauss Group, MIT, Berkshire Partners, Analysis Group, SAB, Bank Leumi, GMO, CDPQ, Finance, Harvard University, Doctor of Philosophy, First Nations in Manitoba, Cincinnati metropolitan area, Defense, IBM Consulting, Bed Bath & Beyond, Teaching, Management

Dr. Haj-Yehia served between 2019-2023 as Executive Group Chairman of Bank Leumi, the largest and oldest bank in Israel.

Key Points: 
  • Dr. Haj-Yehia served between 2019-2023 as Executive Group Chairman of Bank Leumi, the largest and oldest bank in Israel.
  • "I am thrilled to have Samer and Andy join our Strategic Advisory Board.
  • More importantly, both bring unique experience and perspectives to Vintage that we are thrilled to tap", said Alan Feld, Founder and Co-Managing Partner of Vintage.
  • The other members of the Vintage SAB include: Bradley Bloom, Former Chairman and Co-Founder of Berkshire Partners, Mark Dubowitz, CEO, Foundation for the Defense of Democracies, Ambassador S. Fitzgerald Haney, Former U.S.

Banking Veteran Steven Caligor Joins Greystone as Senior Managing Director, Structured Finance

Retrieved on: 
Monday, January 8, 2024
Acquisition, Structured finance, Senior, Signature Bank, Bank Hapoalim, Bank Leumi, History, BHI, Financial services

NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that banking industry veteran Steven Caligor has joined the firm as a Senior Managing Director of Structured Finance.

Key Points: 
  • NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that banking industry veteran Steven Caligor has joined the firm as a Senior Managing Director of Structured Finance.
  • In this new role, he will focus on managing and expanding client relationships and channels of loan origination for Greystone within the banking sector.
  • “This is an exciting new challenge for me to leverage my commercial banking, real estate, and healthcare experience within Greystone’s diverse product platform,” said Mr. Caligor.
  • “The banking sector is invaluable to private lenders like Greystone and there is so much opportunity for new avenues of capital access, client acquisition and financial partnerships.

Azrieli Group Reports Q3/2023 Results

Retrieved on: 
Monday, November 27, 2023
Bank Leumi, Sale, Azrieli Group, TEL, Hope, CPI, Motion, Commerce, Growth, Investment, NOI, Commercial property

The increase was partially offset by non-inclusion of Compass’s results already in the current quarter.

Key Points: 
  • The increase was partially offset by non-inclusion of Compass’s results already in the current quarter.
  • TEL AVIV, Israel, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Danna Azrieli, Chairwoman of Azrieli Group, said: “The State of Israel is in the midst of a war, and Azrieli Group is entirely committed to the effort and to civil aid on all fronts.
  • We will continue acting on this commitment while maintaining financial strength and responsible conduct in these challenging times, which create both a complex business environment and opportunities.”
    Eyal Henkin, CEO of Azrieli Group, said: “As we mobilize and provide resources, Azrieli Group is closing another good quarter with continued growth in all parameters.
  • The sale of the Group’s minority holdings in Compass reflects a gross yield of x2.5 on the investment (in total, Azrieli Group invested in Compass approx.

Valley National Bank Promotes Russell Barrett to Senior Executive Vice President, Chief Operations Officer

Retrieved on: 
Tuesday, December 19, 2023
Banking, Professional Services, Finance, BNP Paribas, Lead, VLY, Bank Leumi, CIO, Valley Bank, Data management, National bank, Senior, Management

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today the promotion of Russell Barrett to Senior Executive Vice President, Chief Operations Officer (COO).

Key Points: 
  • Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today the promotion of Russell Barrett to Senior Executive Vice President, Chief Operations Officer (COO).
  • Barrett joined Valley in 2021 and served as the Chief Transformation Officer the past two years, overseeing the Bank’s enterprise change and transformation efforts and leading Valley’s successful core conversion initiative this past year.
  • Prior to that, Barrett led Bank Leumi USA’s technology and strategic digital transformation efforts as CIO.
  • As Valley’s new COO, Barrett will play a critical role working with Valley’s senior executive leadership team to deliver the bank’s strategic vision.

Lemonade Names Deb Schwartz and Dr. Samer Haj-Yehia to its Board of Directors

Retrieved on: 
Tuesday, November 21, 2023
Professional Services, Technology, Insurance, Software, Artificial Intelligence, Internet, Bank Leumi, Economics, NYSE, Hootsuite, MIT, Bustle (magazine), University, CFO, Workforce, CFA, Fidelity, Fintech, LLB, Partner, Doctor of Philosophy, Goldman Sachs, Intelligence, Hebrew University of Jerusalem, Social media, Credit Suisse, MBA, Daniel Shays, The Digital Group, Growth, Reichman University, Health, AI, Bustle, Harvard University, Management, Lemonade

Lemonade (NYSE: LMND) (the “Company”), the digital insurance company powered by AI and social impact, announced it has named two new members to its Board of Directors, Deb Schwartz and Dr. Samer Haj-Yehia, effective immediately.

Key Points: 
  • Lemonade (NYSE: LMND) (the “Company”), the digital insurance company powered by AI and social impact, announced it has named two new members to its Board of Directors, Deb Schwartz and Dr. Samer Haj-Yehia, effective immediately.
  • The newly named Directors will succeed departing Directors Irina Novoselsky and Silvija Martincevic.
  • Deb previously served as CFO at Cameo, the celebrity video shoutout pioneer, and at Bustle Digital Group, the digital media provider.
  • Along with Deb and Samer, Lemonade’s current Board is composed of Lemonade co-Founders Daniel Schreiber and Shai Wininger, as well as Michael Eisenberg (Partner, Aleph) and Shu Nyatta (Founder/Managing Partner, Bicycle Capital).

Leumi concludes Q3 2023 with an approximate NIS 1.8 billion ($463 million) profit

Retrieved on: 
Wednesday, November 29, 2023
Corporation, NPL, War, Bank, Organization, Bank statement, IDF, Uncertainty, Farmer, Rehabilitation, Share repurchase, Growth, Common equity, HQ, TEL, TASE, Holding company, Tutoring, Cryptocurrency, Bank Leumi, Lod

Net income in the first nine months of 2023 amounted to NIS 5.2 billion ($1.36 billion), compared to NIS 5.38 billion ($1.41 billion) in the corresponding period last year.

Key Points: 
  • Net income in the first nine months of 2023 amounted to NIS 5.2 billion ($1.36 billion), compared to NIS 5.38 billion ($1.41 billion) in the corresponding period last year.
  • Housing loans as at September 30, 2023 totaled NIS 129.6 billion ($33.9 billion), compared to NIS 120.9 billion ($31.6 billion) as at December 31, 2022 - a 7.2% increase.
  • Middle-market credit as at September 30, 2023 totaled NIS 64.4 billion ($16.8 billion), compared to NIS 60.8 billion ($15.9 billion) as at December 31, 2022 - a 5.9% increase.
  • Deposits by small businesses as at September 30, 2023 totaled NIS 53.2 billion ($13.9 billion), compared to NIS 55.4 billion ($14.5 billion) as at December 31, 2022 - a 4.0% decrease.

Bank Leumi to Report Third-Quarter 2023 Financial Results on November 29, 2023

Retrieved on: 
Tuesday, November 14, 2023
Conference call, TEL, Financial result, Financial statement, Conference, TASE, Bank Leumi

TEL AVIV, Israel, Nov. 14, 2023 /PRNewswire/ -- Bank Leumi (TASE: LUMI) announced today that it will release its Third-Quarter 2023 Financial Results on Wednesday, November 29, 2023.

Key Points: 
  • TEL AVIV, Israel, Nov. 14, 2023 /PRNewswire/ -- Bank Leumi (TASE: LUMI) announced today that it will release its Third-Quarter 2023 Financial Results on Wednesday, November 29, 2023.
  • Mr. Omer Ziv, Deputy CEO and Head of the Capital Markets Division, and Ms. Hagit Argov, Head of the Financial Division, will host the results call followed by Q&A.
  • It will also be available on the Leumi website under Investor Relations, in the Financial Statements page, Investor Presentation and Conference Call.
  • An archived recording will be available on the Leumi website one business day after the call ends.