Bank Hapoalim announced earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company announced total income of ILS 3,905 million compared to ILS 3,816 million for the same period a year ago. Net profit attributed to shareholders of the bank was ILS 1,117 million compared to ILS 886 million for the same period a year ago. Return on equity reached 13.9% in the second quarter of 2016, compared with 11.6% in the same quarter last year. The increase in profit resulted mainly from the decrease in provisions for credit losses and from one-time gains from the sale of Visa Europe shares and sale of loans. For the six months, the company announced total income was ILS 7,450 million compared to ILS 7,371 million for the same period a year ago. Net profit attributed to shareholders of the Bank was ILS 1,791 million compared to ILS 1,694 million for the same period a year ago.