Leumi share price falls hard ahead of NIS 2b TASE offering

Published date22 June 2022
Publication titleGlobes (Rishon LeZion, Israel)
The offering is planned to go ahead despite market volatility so that it will be recorded in its second quarter financial report. Israel Discount Bank (TASE: DSCT) held a similar share issue at the end of the first quarter

Leumi like all Israeli banks is required by the Bank of Israel to strengthen its capital adequacy ratio if it wants to increase the amount of loans that it extends. This has been partly achieved by halting the payment of dividends on profits and buying securities and now by raising capital through share...

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