The bank provides a variety of banking & financial services.
Leumi remains a very profitable and very strong bank, but the 2026 earnings story will depend less on peak spread and more on credit growth, fees, efficiency, and active capital and funding management.
Leumi's reported NIM has probably already moved past the peak that depended on CPI support and easy pricing conditions, but the fourth quarter still does not prove that core NIM has broken, because NIM excluding CPI improved versus the third quarter and liquidity remained strong.
The January-March 2026 funding wave shows Leumi trying to preserve credit growth, wide capital return and a comfortable CET1 cushion at the same time, by thickening almost every funding layer before leaning more heavily on common equity.
Leumi entered 2026 with real underwriting and capital cushions, but its real-estate, construction, and housing book is stretching faster than the rest of the portfolio: total construction and real-estate exposure rose to NIS 233.838 billion, problematic credit in the sector rose…
