Bank Leumi Le-Israel BM (OTCPK:BLMIF)
$ 11.22 0 (0%) Market Cap: 17.07 Bil Enterprise Value: -11.71 Bil PE Ratio: 6.85 PB Ratio: 1.04 GF Score: 72/100
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Q4 2021 Bank Leumi Le Israel BM Earnings Call Transcript

Mar 09, 2022 / 03:00PM GMT
Release Date Price: $9.81 (+1.66%)
Operator

Welcome, and thank you for joining Bank Leumi's 2021 Annual Results Meeting. With us today are Mr. Hanan Friedman, CEO; and Mr. Omer Ziv, CFO; also joining is Dr. Gil Bufman, Chief Economist.

We have prepared a brief presentation, overviewing the bank's position in this year's results, and we'll then open up the line for questions. Hanan, please go ahead.

Hanan Friedman
Bank Leumi le- Israel B.M. - President & CEO

Thank you. Good afternoon, everyone, and thank you for joining our annual call this time by Zoom. I'm very happy to be able to discuss our 2021 results and our strategy moving forward.

Earlier today, we announced the 2021 results, which are the best ever for Leumi and this symbolically a week after we celebrated the 120th anniversary of Leumi. We achieved a net profit of ILS 6 billion and ROE of 15% and cost-to-income ratio of 46.8%. As we speak, Leumi is the bank with highest market cap in TASE.

Before discussing the results that our CFO, Omer Ziv, will present, we would like to share with you a short clip we

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