Bank Leumi

The first store was originally planned for Dizengoff Center in Tel Aviv as a replacement for the Bank Leumi branch there, but following delays in removing the bank branch, Fox decided not to wait, and to open the first store in Ashdod, an unusual step with brands of this caliber, which usually open their first ...

The most conservative bank in consumer credit is Bank Leumi (TASE: LUMI), which called a halt to growth in consumer credit already in 2017. Bank Leumi already explicitly addressed this point in its annual reports, stating, "In view of the prolonged trend in the Israeli economy in the level of private ...

After leaving Nedbank in October, Anne-Marie Woolley has joined the UK branch of Bank Leumi, Israel's largest bank, as a trade finance consultant. With over 35 years' experience in international finance, Woolley previously led teams at Barclays, Standard Chartered and Standard Bank, focusing on trade ...

Bank Leumi rose for the sixth straight session, adding 1% to end at 22.42. Biomed was the only sector to end lower, with Mazor Robotics shedding 1.8% to close at 126.30. In forex trading, the dollar and euro both strengthened, with the greenback gaining 0.1% to a representative rate of 3.440 and the euro ...

There's no multinational company today that can afford to disregard Israeli technology, said on Tuesday David Brodet, Chairman of Israel-based Bank Leumi. Mr. Brodet spoke at Calcalist's Mind the Tech conference in New York. The conference is held in collaboration with Bank Leumi and the Israeli ...

Bank Leumi (TASE: LUMI) has reported a strong 2017. The bank, headed by Rakefet Russak-Aminoach, posted a profit of NIS 3.2 billion for last year, nearly 14% more than in 2016. This is expected to be the highest profit among Israel's banks, given the provisions that Bank Hapoalim (TASE: POLI) is ...

Senior debt for the acquisition was provided by Bank Leumi. Paul Callingham, managing director of Starboard Hotels said that this was “a substantial acquisition” for the company which would protect the future of the hotels and their staff. “The four hotels fit perfectly within our portfolio and represent a ...

The specialist asset based lending subsidiary of Bank Leumi (UK) plc, part of the Bank Leumi Group, has selected encompass confirm to support and enhance their Know Your Customer (KYC) compliance processes. Leumi ABL provides invoice finance, stock finance, and plant and machinery finance.

Pagaya has raised $200 million in capital, mainly from institutional investors including Israel's Bank Leumi, Meitav Dash Investments Ltd. and Excellence Investment House. Pagaya's co-founder and CEO Gal Krubiner. Photo: Amit Sha'al. “Traditional models of asset management don't serve the needs of ...

Israel is a pretty intriguing country when it comes to cryptocurrencies in general. So far, we have not seen any major regulatory actions in that part of the world. That makes it all the more surprising to see the Supreme Court of Israel intervene in a recent spat between one of the country's banks and a ...

Israeli investment banks Poalim IBI and Bank Leumi served as underwriters on the deal, with Starwood advised by financial consultancy Barzell Global. Representatives for Starwood Retail Partners could not immediately be reached for comment. Keywords: Bank Leumi, Barzell Global, Poalim IBI, Starwood ...

On June 2017, Bits of Gold Ltd., which engages in cryptocurrency trading and manages its account at Bank Leumi, filed a motion with the District Court to order the bank to stop blocking activity relating to virtual currency trading in the company's account. The District Court rejected the company's motion, ...

Consequently, the Supreme Court issued a temporary injunction giving direction for the Bank Leumi to allow the cryptocurrency exchange to continue its account activities up to the time a ruling will be made. In the injunction, the Supreme Court said, “It appears that the damages that the bank might incur are ...

Bank Leumi (TASE: LUMI) is beginning the process of selling Leumi Card. The credit card company today published its annual financial reports, enabling the banks to complete the preparation of a prospectus in the near future, should it decide to conduct a stock exchange offering for the company. Sources ...

Gil has joined the Israeli international bank's UK subsidiary from Bank Leumi Romania, which he had led since 2016. Prior to his CEO role at Bank Leumi Romania, Gil was CEO of the bank's subsidiary in Luxembourg (2011 to 2015). Between 2009 and 2011, he was responsible for leading the Israeli desk ...

He led the Israeli desk and real estate divisions of Bank Leumi Romania between 2009 and 2011 and from 2008 to 2009 he was among the founding members of Leumi's Bulgarian branch. Prior to that, Gil held various managerial posts for the bank in Israel, where his Leumi career began in 1994.

Rents will continue to rise over the coming year, but the boom is home prices is coming to an end, according to Bank Leumi (TASE: LUMI) chief economist Gil Bufman. He estimates that the real estate market is in the last year of the wave of rises that began in 2007, and that by the end of 2019 we will start to ...