Norway withdraws USD 661 million from Israeli banks: what it means for Mizrahi Tefahot Bank stock

Published on 10/16/2026 at 11:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Norway withdrew USD 661 million from five banks on October 12, 2026. Mizrahi Tefahot Bank stock stood at ILA 23,390.00 on October 16, 2026.

Institutional decision and bank results

Norway withdrew USD 661 million from five Israeli banks on October 12, 2026.
Mizrahi Tefahot posted ILS 1.43 billion in second-quarter net income, versus ILS 1.24 billion in the first quarter.
Mizrahi Tefahot Bank stock traded at ILA 23,390.00 at 11:53 a.m. IDT on October 16, 2026.
The next reporting date is November 25, 2026.

Mizrahi Tefahot Bank, IL0006954379, Illustration mit AI erstellt.

Mizrahi Tefahot Bank (ISIN IL0006954379) was trading at ILA 23,390.00 on the Tel Aviv Stock Exchange on October 16, 2026 at 11:53 a.m. IDT. The latest catalyst was Norway's withdrawal of USD 661 million from five Israeli banks, including Mizrahi Tefahot, announced on October 12, 2026, according to Arab News.

Profit reached ILS 1.43 billion

The bank's operating picture was stronger in the second quarter. TradingView reported second-quarter net income of ILS 1.43 billion, compared with ILS 1.24 billion in the previous quarter. That quarter-on-quarter increase of ILS 190.00 million provides a clear counterweight to the institutional divestment story.

What does the withdrawal mean?

The immediate issue is reputational and legal rather than a change to the bank's reported earnings. The October 12 decision covered five Israeli banks and valued the withdrawn holdings at USD 661 million as of June, according to Arab News.

Three dated developments

On June 30, 2026, second-quarter net income reached ILS 1.43 billion, according to TradingView. On September 27, 2026, the bank disclosed a document request linked to a class action over interest on positive current-account balances, according to TASE. On October 12, 2026, Norway withdrew investments from Mizrahi Tefahot and four other Israeli banks, according to Arab News.

Next reporting date

The next earnings report is scheduled for November 25, 2026, according to TradingView.

Bank stock and valuation

Mizrahi Tefahot's market capitalization stood at ILA 61.0 billion on October 16, 2026, while the stock traded at ILA 23,390.00 on the Tel Aviv Stock Exchange at 11:53 a.m. IDT. The combination of ILS 1.43 billion in quarterly net income and the USD 661 million institutional withdrawal leaves earnings and reputational exposure as the two measurable investor reference points.