One Zero Bank halves losses to 84 million shekels
One Zero bank reported its financial results for the first half of 2026, showing a 27% reduction in losses to 84 million shekels. Revenue growth was driven primarily by increased client activity in the securities market.
The loss continues to shrink: One Zero bank reported today on its financial results for the first half of 2026, centered on a reduction of the loss by approximately 27%, amounting to 84 million shekels for the half-year period. Until now, the bank enjoyed regulatory relief as part of its establishment and was required to report only annual performance, but from now on it will do so semi-annually, and starting in 2028 it will move to quarterly reporting like other banks.
Assuming the bank's investors are equipped with the necessary patience, the semi-annual reports demonstrate that it may pay off: the estimate is that the bank will finish 2026 with a loss of about 130 million shekels, compared to a loss of 214 million shekels in 2025, 268 million shekels in 2024, and 357 million shekels in 2023 — the bank's first full year of operation. At One Zero, they estimate that 2027 will be the turning point, when the bank will move to annual profitability. The bank's CEO, Eyal Gafni, noted that the bank is approaching the break-even target and its first profitable month:
"The bank is at a significant turning point. The growth in revenues and activity volumes, alongside the continued decrease in expenses, brings it closer to the break-even target and its first profitable month within a few months."
One Zero, founded by Amnon Shashua, received a license in 2019 and opened to the general public in late 2022. To date, the digital bank's losses over the past four years total about 1.2 billion shekels. The optimism at the bank regarding the rapid elimination of the loss line relies on growth in activity alongside the diversification of revenue sources: the bank's revenues in the half-year jumped by 33% and amounted to 66 million shekels. The main growth engine was securities activity, where revenues grew by 55% and accounted for about 30% of the bank's total revenues in the second quarter.
The bank reports a 100% increase in the number of clients holding securities and a 151% jump in the volume of client trading portfolios. The total number of clients reached 200,000. About 77% of clients are defined as active, and about 50% are on premium tracks. Despite the growth in activity, the bank's expenses in the half-year decreased by 10% and amounted to 149 million shekels, a decrease resulting from technological efficiency and the use of artificial intelligence tools. Total assets under management (AUM) reached 6.5 billion shekels, and total deposits grew by 20% to 3.8 billion shekels.
