Hapoalim to distribute first dividend since 2018


Hapoalim will distribute a dividend of NIS 618 million on 2020’s income – the utmost quantity allowed by the Financial institution of Israel.


After Israel’s banks froze the distribution of dividends because of the outbreak of the Covid pandemic, Bank Hapoalim (TASE: POLI) has turn into the primary native financial institution to announce that it’s resuming the cost of dividends. Hapoalim will distribute a dividend of NIS 618 million on 2020’s income – the utmost quantity allowed by the Financial institution of Israel. The dividend will probably be distributed on August 18.

That is the primary time for the reason that first quarter of 2018 that Hapoalim will probably be distributing a dividend from income. Final month, the Financial institution of Israel gave approval for the distribution of dividends of as much as 30% of internet revenue in 2020, though directions on lowering capital adequacy stays in impact till September.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on August 1, 2021

© Copyright of Globes Writer Itonut (1983) Ltd. 2021



Bank Hapoalim Photo: Eyal Fisher

Financial institution Hapoalim Photograph: Eyal Fisher



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