Israel's Bank Hapoalim Q4 profit rise less than expected

February 29, 2016 6:12 AM

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TEL AVIV Feb 29 Bank Hapoalim, Israel's largest lender, reported a higher quarterly profit but missed expectations as negative inflation weighed on financing income.

Hapoalim on Monday said it posted fourth-quarter net profit of 586 million shekels ($150 million), compared with 487 million a year earlier and below expectations of 731.5 million shekels in a Reuters poll of analysts.

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