2016 has been an excellent year both domestically and internationally, for all Arison Investments companies.
Bank Hapoalim's resilience and leadership in the Israeli banking sector is reflected in its financial statements. In the first quarter of 2017, the bank reported return on equity of 9.2% and common equity Tier 1 ratio of 11.2%, higher than the target set by the Israeli regulator. In recent years, Bank Hapoalim has led the Israeli banking sector in its profitability, and in the past seven years delivered an average ROE of 9.7%.
Miya - Jamaica is currently implementing a unique 5-year co-managed project estimated at $42.5 million. Focusing on KSA's high NRW rate of 55%, Miya has targeted to substantially reduce NRW to 30%.
In the salt industry, Salt of the Earth (private company wholly owned by Arison Investments) continued to lead the Israeli market in salt production, and also holds 1.3% of Bank Hapoalim's shares.