Poli News

Turkish subsidiary Bankpozitif Credi Ve Kalkinma Bankasi AS is raising capital in Israel, as part of a $150 million issue of five-year bonds to institutional investors...Article continues after advertisements The bonds bear a 7% dollar interest rate, considered reasonable for...

in a dispute over Parmalat Finanziaria SpA notes it sold to Bank Hapoalim prior to Parmalat's bankruptcy in 2003...Since Bank Hapoalim has already written off the investment, the award will be included in its profit and loss statement.

It appears that the timing of the IDB-Ganden Tourism deal is problematic, in view of Ganden's current condition and the situation in the tourism market, whose profitability has taken a severe hit from competition and the global economic situation," says...

Jacob Orbach, the number two man in the Commercial Banking Division, will not leave the bank, but will replace Orit Lerer as chief internal auditor. For the past two years, Orbach was deputy to Zion Kenan, who has been promoted...

CEO Zion Kenan has made the third round of executive changes since taking up his post in late August. He announced a round of executive appointments in the Commercial Banking and Retail Banking divisions following the resignation of Jacob Orbach,...

Yair Seroussi said today at the IMF/World Bank Annual Meeting in Istanbul. "In the coming years, capital adequacy ratios, liquidity, and correct risk assessment will be key issues in Bank Hapoalim's strategy," Seroussi continued. "Customers' confidence and trust will largely...