CEO Reflection: 2022 Achievements and Moving Forward

As we look ahead to 2023, we can look back on the year just passed with a sense of pride and accomplishment. In 2022, the business world began to bounce back from the effects of Covid, but also coped with inflation, rising interest rates and fears of inflation. Despite these challenges, 2022 marked a year of success and achievement for BHI.

We posted very robust financial results, with substantial growth in new business and increases in our credit balances and loan portfolio. We’ve seen strong volume across all sectors of the bank, and particularly in C&I, CRE and Healthcare.

In addition to the growth in our banking business, we have expanded our BHI team. A significant number of new hires joined the bank this year to enhance even further the service we provide to our clients.

All of our teams worked extremely hard this year, with a spirit of collaboration, determination and resolute focus on our goals. I wish to thank all our employees for their individual contributions to BHI’s collective success and for operating at the highest possible level to provide the best products and service. I would also like to extend our thanks to Bank Hapoalim Group management and employees in Israel for their continued support.

Our clients remain our staunch partners and we value each one of our client relationships. Every client is extremely important to us and I want to say thank you to all of our clients for continuing to demonstrate your confidence in BHI. Our mission is to provide you with dedicated personal service and we strive to earn your support every day.

It was Leonardo da Vinci who said, “fix your course on a star and you’ll navigate any storm.” BHI, along with the entire business sector, does face some headwinds going into 2023, including the possibility of a recessionary economic climate. We know our course to maneuver through any future tempests. Our focus in the coming year will be on growing responsibly and making smart decisions to meet the challenges posed by ongoing uncertainty. We will continue to maintain our commitment to strategic areas of our business, such as technology, CRE, C&I and healthcare.

As we turn the page to the New Year, I remain extremely optimistic. Together, we have forged a strong foundation, one on which we can build for further growth and success. I am confident that 2023 will be another year of positive milestones for our teams working in close partnership with our clients, delivering the products and services that meet – and exceed – their objectives.

I wish everyone a healthy, happy and successful 2023!