Leumi Mortgage profits rise 3.1%

Bank Leumi Mortgage Division said its net profit grew 3.1% in 2005 to NIS 126 million, from NIS 122m. the previous year.

Bank Leumi Mortgage Division said its net profit grew 3.1% in 2005 to NIS 126 million, from NIS 122m. the previous year. Credit extended to the public total NIS 32.84 billion for the year, showing an increase of 3.4% over 2004. Through 2005, the bank gave NIS 5.16b. in new loans, some 2.5% less than in the previous year, while it set aside NIS 106m. as provisions for doubtful debt, compared to the NIS 90m. provision in 2004.