Israel’s Bank Hapoalim hopeful on dividends in 2021

Israel’s Bank Hapoalim hopeful on dividends in 2021

A woman uses an automated teller machine (ATM) outside a Bank Hapoalim branch in Tel Aviv, Israel May 30, 2013. REUTERS/Nir Elias

Bank Hapoalim (POLI.TA), Israel’s largest lender, said on Thursday it hoped to receive regulatory approval to resume dividend payments in the second half of the year after reporting a spike in quarterly profit to pre-pandemic levels.

Dividend payments and share buybacks were suspended in 2020 to ensure banks had sufficient credit to lend to businesses during the COVID-19 pandemic read more

“If we’ll get approvals, we’ll be able to be back in routine dividend…

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Israel's Bank Hapoalim hopeful on dividends in 2021

 

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