Mizrahi Tefahot lifts quarterly profit despite slower economy

30.05.2012                      09.Siwan. 5772

Wirtschaft:

Mizrahi Tefahot lifts quarterly profit despite slower economy

Shareholders equity was 15.2% higher than it was a year ago, jumping to NIS 7.93 billion as of March 31.

Overcoming the slowdown in economic activity, Mizrahi-Tefahot Bank said yesterday that it lifted its first-quarter profit from a year earlier by 5.5%, to NIS 251 million, as consumer and mortgage lending grew….