Five Israeli Banks Post NIS 8.5 Billion Quarterly Profit as Credit Hits NIS 2 Trillion

Israel's five largest banks closed the second quarter of 2026 with a combined net profit of NIS 8.5 billion, 2 percent above the same quarter last year, after Mizrahi Tefahot completed the reporting round on Monday. Their credit to the public reached NIS 2 trillion, an increase of NIS 246 billion, or 14 percent, over the year. Combined net interest income slipped 1 percent to NIS 16.1 billion while fee income rose 3 percent to NIS 3.8 billion. The banks posted the gains despite falling interest rates and the special tax the Knesset imposed on large lenders. Leumi led with NIS 2.83 billion and Hapoalim followed at NIS 2.49 billion.