Regulator opposes Israeli banks increasing dividends
Categories: Banking & Finance
Supervisor of Banks, Daniel Hahiashvili is reportedly reluctant to let banks increase their dividend distribution, from a ceiling of 40% of profits towards 50%.
2024 may have ended nearly two months ago, but from the banks’ perspective, it will only end in the coming few weeks after publication of the financial results for the year.
According to estimates in the banking system, the five largest banks will end the year with an aggregate net profit of about NIS 30 billion, up from an aggregate net profit of nearly NIS 23 billion in the first nine months of last year.
Read more in Globes.
