Bank Hapoalim stock: Fitch affirms A- rating for Bank Hapoalim stock

Published on 10/21/2026 at 15:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached ILS 6.32 billion. Bank Hapoalim stock was ILS 77.53 on October 21, 2026 at 4:15 p.m. IDT, down 0.60 percent from ILS 78.00.

Rating and financial markers

On October 19, 2026, Fitch Ratings affirmed Bank Hapoalim's A- long-term issuer rating with a Stable Outlook.
In the second quarter of 2026, revenue reached ILS 6.32 billion, up 2.90 percent year over year.
Bank Hapoalim stock was ILS 77.53 on October 21, 2026 at 4:15 p.m. IDT, down 0.60 percent from ILS 78.00.
The annual meeting is scheduled for October 29, 2026.

Bank Hapoalim B.M, IL0006625771, Illustration mit AI erstellt.

Bank Hapoalim B.M. (ISIN IL0006625771) entered October 21, 2026 with Fitch Ratings affirming its A- long-term issuer rating and Stable Outlook on October 19, 2026. The rating agency also affirmed the bank's short-term F1 rating and viability rating at a-. Bank Hapoalim stock was ILS 77.53 on the Tel Aviv Stock Exchange on October 21, 2026 at 4:15 p.m. IDT, down 0.60 percent from ILS 78.00.

Fitch sees resilient capital

Fitch Ratings said the bank's operating profit reached 2.80 percent of risk-weighted assets in the first half of 2026. Its common equity Tier 1 ratio stood at 11.80 percent at the end of that period, compared with a 10.20 percent minimum regulatory requirement. The impaired loans ratio was 0.50 percent at the same reporting date, supporting Fitch's assessment of resilient asset quality.

The rating comes with a defined risk boundary. Fitch said a prolonged impaired loans ratio above 2.00 percent, combined with a falling CET1 ratio and weaker internal capital generation, could pressure the viability rating. The agency also cited the bank's exposure to construction and real estate, while noting conservative underwriting and substantial equity cushions.

Stock sits below its high

The current TASE price is 8.77 percent below the ILS 84.98 52-week high and 21.64 percent above the ILS 63.74 low, based on the October 21, 2026 quotation. Trading volume was 751,231 shares at the same time. The market capitalization was ILS 101.3 billion, while the trailing price-to-earnings ratio was 10.83.

What could change the valuation?

The bank's second-quarter 2026 revenue reached ILS 6.32 billion, up 2.90 percent from ILS 6.14 billion a year earlier, while net income fell 2.10 percent to ILS 2.49 billion. Simply Wall St reported that the quarter's profit margin was 39.00 percent, down from 41.00 percent in the second quarter of 2025. The bank's dividend yield was 4.03 percent in the same review.

Dates for shareholders

Simply Wall St listed the next annual meeting for October 29, 2026. The meeting date gives shareholders the next scheduled corporate checkpoint after Fitch's October 19 rating action.

Rating supports the balance sheet

The combination of an 11.80 percent CET1 ratio, a 0.50 percent impaired loans ratio and a 126.00 percent liquidity coverage ratio at the end of the first half of 2026 explains why Fitch maintained its Stable Outlook. At the same time, the 2.00 percent impaired-loans threshold identified by Fitch marks the key downside measure for credit quality.

Bank Hapoalim stock was ILS 77.53 on October 21, 2026 at 4:15 p.m. IDT, 0.60 percent below the ILS 78.00 prior close on the Tel Aviv Stock Exchange.