Tag #El Al Profits

What is the significance of International Bank's record-high return on equity for 2024 and how does it compare to other banks?

International Bank reported the highest return on equity in the banking system for 2024, with a net profit of 2.37 billion shekels (a 9.2% increase year-on-year) and a 19% return on equity. The fourth quarter saw a net profit of 573 million shekels (a 14.8% increase year-on-year) and a 17.4% return on equity.