Credit: REUTERS/Gil Cohen MagenTEL AVIV, May 27 (Reuters) - Bank Leumi LUMI.TA, one of Israel's two largest lenders, reported a jump in quarterly net profit, boosted by the sale of its credit card unit in February.
Leumi said on Monday it earned 1.09 billion shekels ($303 million) in the first quarter, up from 730 million a year earlier.
It declared a quarterly dividend of 437 million shekels, representing 40 percent of net income and up from 275 million in the fourth quarter.
It said its board approved a buyback of its own shares valued at up to 700 million shekels.
($1 = 3.6012 shekels)
(Reporting by Tova Cohen, Editing by Ari Rabinovitch)
((tova.cohen@thomsonreuters.com; +972-9-899-0222; Reuters Messaging: tova.cohen.thomsonreuters.com@reuters.net))
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