Bank Hapoalim, headed by Yadin Antebi, posted a net profit of NIS 2.5 billion for the second quarter, 2% lower than in the corresponding quarter of 2025. This year’s second quarter was impacted by the decline in the interest rate environment and the special tax imposed on the banks, which will cost Bank Hapoalim an estimated NIS 950 million this year. The bank’s return on equity in the second quarter was an annualized 15%, and would have been 16% were it not for the special bank tax. The credit loss expense in the second quarter was NIS 298 million, slightly down from NIS 302 million in the corresponding quarter. As mentioned, the special bank tax and lower interest rates were mainly responsible for the decline.