Mizrahi Tefahot Q1 Net Profit Rises 5.5%

Mizrahi Tefahot Bank Ltd posted a rise in its first-quarter net profit. Mizrahi Tefahot's quarterly net profit climbed to 251 million shekels ($65.2 million), versus ILS238 million, in the year-ago quarter. Its total revenue gained to ILS1.15 billion from ILS1.1 billion. Mizrahi Tefahot's revenue from small businesses jumped 22.3% to ILS115 million, while revenue from mortgages surged 15.5% to ILS149 million.