Stock: Bank Hapoalim B.M. (POLI)


News: Past 3 years

Announcements


Dividends

2024

Mar 25, 2024: Bank Hapoalim B.M. announces dividend
Bank Hapoalim B.M. today announced a cash dividend of 26.32 agorot per share. The ex-dividend date is Monday, March 18, 2024 and it is payable on Monday, April 08.

2023

Nov 17, 2023: Bank Hapoalim B.M. announces dividend
Bank Hapoalim B.M. today announced a cash dividend of 24.98 agorot per share. The ex-dividend date is Monday, November 27, 2023 and the record date is Monday, November 27, 2023 and it is payable on Wednesday, December 06.

Aug 15, 2023: Bank Hapoalim B.M. announces dividend
Bank Hapoalim B.M. today announced a cash dividend of 57.51 agorot per share. The ex-dividend date is Wednesday, August 23, 2023 and the record date is Wednesday, August 23, 2023 and it is payable on Wednesday, September 06.

May 23, 2023: Bank Hapoalim B.M. announces dividend
Bank Hapoalim B.M. today announced a cash dividend of 60.05 agorot per share. The ex-dividend date is Thursday, June 01, 2023 and the record date is Thursday, June 01, 2023 and it is payable on Wednesday, June 14.

Mar 10, 2023: Bank Hapoalim B.M. announces dividend
Bank Hapoalim B.M. today announced a cash dividend of 39.27 agorot per share. The ex-dividend date is Monday, March 20, 2023 and the record date is Monday, March 20, 2023 and it is payable on Thursday, March 30.

2022

Nov 28, 2022: Bank Hapoalim B.M. announces dividend
Bank Hapoalim B.M. today announced a cash dividend of 40.09 agorot per share. The ex-dividend date is Thursday, December 01, 2022 and it is payable on Sunday, December 11.

Aug 16, 2022: Bank Hapoalim B.M. announces dividend
Bank Hapoalim B.M. today announced a cash dividend of 30.15 agorot per share. The ex-dividend date is Wednesday, August 24, 2022 and the record date is Wednesday, August 24, 2022 and it is payable on Wednesday, September 07.

2021

Nov 22, 2021: Bank Hapoalim B.M. announces dividend
Bank Hapoalim B.M. today announced a cash dividend of 64.50 agorot per share. The ex-dividend date is Wednesday, November 24, 2021 and it is payable on Wednesday, December 08.

Press Releases

2022

Aug 29, 2022: Bank Hapoalim B.M. : Chairman's Statement
Letter from the Chairman of the Board of Directors

As in every year, the publication of our annual financial statement is an occasion to reflect on the passing year with the aim of gleaning meaningful insights about our business results. These results are described extensively in this report; I have therefore chosen to focus here on the economic background, the challenges, and - cautiously - the opportunities and risks of the last year, some of which are still with us now.

As a leading bank in Israel, our results are first and foremost a function of the performance of the local economy, and drawn from the human capital inherent in the employees of the bank, which makes it possible to convert economic growth into profitability.

The performance of the Israeli economy in 2021 was surprisingly favorable, in comparison to both 2020 and previous forecasts. Economic growth was exceptional at 8.1%, one of the highest rates in the world.

The Covid-19 crisis was a catalyst for transformations in the global economy, and in the banking system in particular. Realistic constraints led to the need for the bank to respond to and manage the change. The need to restrict reception of the public at the branches to protect the health of customers and employees contributed to accelerated technological development and to a change in how customer encounters are conducted. These adaptations are expected to improve the efficiency of work processes at the branches, while also providing a better experience for customers. We are aware that the rapid change is also confronting some parts of the population with difficult adjustments, and we are sparing no effort to improve service and find solutions for these customers.

The pandemic has ramifications in many other areas, such as work culture, particularly the need to balance the possibilities of remote work, including work from home, with the need for in-person presence at critical junctures. A satisfactory response to these shifts required intra-organizational agreements, technological tools, and collaboration among units of the bank. We are pleased with the outcomes of this process and believe that it has generated capabilities that allow greater flexibility on the part of both the bank and its employees.

The expansion of activity and the changes of this period led us to conduct a broad-based examination of the operational models of the divisions of the bank. This review resulted in our recent announcement of the establishment of the Banking Services Division, which will oversee the service and operational activities accompanying the bank's business, enabling our bankers to focus on serving customers.

Aug 29, 2022: Bank Hapoalim B.M. : Outlook
Outlook

Alongside its business operations, the Bank has been committed for many years to the advancement of the society and community of Israel, and has taken action to reduce inequalities and provide aid to disadvantaged groups.

Based on this approach, the Poalim Community Foundation, within the Social Banking Center, focuses on hundreds of initiatives aimed at strengthening employment, education, and financial resilience and lessening inequalities for hundreds of thousands of adults, children, and adolescents from every part of Israel. This extensive activity is conducted through partnerships forged with non-profits and social organizations, public institutions, and government agencies, and takes the form of community engagement, monetary donations, money-equivalent contributions, financing and running of workshops at the Financial Growth Center, and widespread volunteering by the employees and managers of the Bank.

Source: Annual report

Jun 30, 2022: Quarterly Activities Report: Bank Hapoalim B.M. Cash Balance decreases 8.9%
As per a report dated June 30, 2022 the Cash Burn of operating activities was NIS5,548,000,000 for the six months ended June 30, 2022. This corresponds to an average Cash Burn Rate of NIS924,666,667 per month.
Quarter ended 30 Jun 2022NIS
Cash and cash equivalents at beginning of period177.6 billion
Net cash from / (used in) operating activities(5.5 billion)
Net cash from investing activities(16.7 billion)
Net cash from financing activities5.2 billion
Effect of movement in exchange rates on cash held1.3 billion
Cash raised (used) during quarter(17 billion)
Cash and cash equivalents at end of period161.9 billion


2021

Sep 30, 2021: Quarterly Activities Report: Bank Hapoalim B.M. Cash Balance increases 3.1%
As per a report dated September 30, 2021 the Cash Burn of operating activities was NIS4,629,000,000 in the quarter ended September 30, 2021. This corresponds to an average Cash Burn Rate of NIS1,543,000,000 per month.
Quarter ended 30 Sep 2021NIS
Cash and cash equivalents at beginning of period169.7 billion
Net cash from / (used in) operating activities(4.6 billion)
Net cash from investing activities(3.4 billion)
Net cash from financing activities13.5 billion
Effect of movement in exchange rates on cash held(110 million)
Cash raised (used) during quarter5.4 billion
Cash and cash equivalents at end of period175 billion