Bank Leumi Le Israel (BLMIF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. Welcome to Lumi's third quarter 2025 Results Conference Call. All participants are at present in a listen-only mode. Following management's formal presentation, instructions will be given for the question and answer session. As a reminder, this conference is being recorded November 18, 2025. The presentation that we will be using is available on the IR section of the Bank's website. I would like to remind everyone that forward-looking statements for a respected company's business, financial condition and results of its operations are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. Such forward-looking statements include, but are not limited to, product demand, pricing, market acceptance, changing economic conditions, risk in product and technology development, and the effect of the company's accounting policies as well as certain other risk factors, which are details from time to time in the company's filing with the various security authorities. I would now like to turn the call over to Ms. Chagit Ergov, CFO and Head of Finance Division. Please go ahead. Good day, everyone. I'm very pleased to be here with you today and to present our strong third quarter 2025 financial results. So let's get started with slide three. First, some key takeaways. Bank Lumi continues to present high and stable results over many quarters. This quarter, ROE was 16.3% and net profit was 2.7 billion shekels. It is worth noting that if the excess capital were reduced to the dense internal C31 target of 10.6%, the ROE would stand at 19 in the third quarter. In addition, we continue to manage costs effectively while maintaining a strong efficiency ratio. Credit quality metrics furt...