Mizrahi Tefahot Financial institution (TASE: MZTF), headed by Moshe Lari, posted a internet revenue of NIS 1.43 billion for the second quarter of this yr, 1.6% decrease than within the corresponding quarter of 2025. The financial institution’s return on fairness was an annualized 16%, down from 17.8% within the corresponding quarter, amongst different issues due to the surtax imposed on the banks.
Within the first half yr, the financial institution’s internet revenue was NIS 2.67 billion, 2.7% decrease than within the first half of 2025, and its annualized return on fairness was 15%, down from 17% within the first half of 2025.
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Mizrahi Tefahot Financial institution has a market cap of NIS 61 billion, making it Israel’s third largest financial institution in these phrases, after Financial institution Leumi and Financial institution Hapoalim. Previously yr its share value has risen by 13%.
Mizrahi Tefahot has declared a dividend of NIS 714 million, 50% of its revenue. Mizrahi Tefahot Financial institution and First Worldwide Financial institution of Israel are the final two remaining of Israel’s main banks with controlling shareholders. Within the case of Mizrahi Tefahot Financial institution these are siblings David and Drorit Wertheim (20.46% by F&W Registered Partnership and M.W.Z. Holdings), and Idan Ofer (20.96% by L.Y.N. Holdings).
On the finish of June 2026, Mizrahi Tefahot Financial institution’s portfolio of credit score to the general public totaled NIS 423.7 billion, up 12.5% year-on-year. Deposits from the general public totaled NIS 474.4 billion, up 13.7%. The financial institution’s effectivity ratio was 33.9%, increased (i.e., much less environment friendly) than these of Financial institution Leumi and Financial institution Hapoalim, however a lot better than these of Low cost Financial institution and First Worldwide Financial institution, which had ratios of over 40%.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on August 17, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
