Israel Discount Bank Q3 profit rises, credit loss expenses dip
Bank expected to record profit of NIS 217 million on net interest income of NIS 1.094 billion and credit loss charges of NIS 154 million.
Israel Discount Bank beat estimates with a 25 percent rise in quarterly profit, as lower expenses for credit losses offset a decline in financing income.
Discount, Israel's third-largest lender, reported on Wednesday that it earned NIS 276 million in the third quarter, compared with NIS 221 million a year earlier.
Net interest income slipped 4.2 percent to NIS 1.094 billion, due to lower...
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