Mizrahi net dropped in final quarter of 2013
Israel's biggest mortgage bank says earned $72.7 million, down from $77.7 million previous year.
Mizrahi Tefahot Bank, Israel’s fourth-largest lender and biggest mortgage bank, said net profit dropped in the final quarter of 2013 as its non-interest income tumbled. The bank said it earned 252 million shekels ($72.7 million) in the quarter, down from 270 million a year earlier and less than the 260 million shekels estimate in a Reuters poll of analysts. Net interest income rose to 784 million shekels from 643...
Like us on Facebook and get articles directly in your news feed