Hapoalim denies plans to sell Swiss bank

Bank Hapoalim
Bank Hapoalim

The Israeli bank has denied reports that it is looking for a buyer for Bank Hapoalim Switzerland.

Bank Hapoalim (TASE: POLI) has denied reports by "Globes" that it plans selling Bank Hapoalim Switzerland.

Bank Hapoalim said in response, "The bank has been examining for some time its deployment in international private banking in order to align it with the business environment. It should be clarified that Bank Hapoalim Switzerland is a strategic asset and its sale is not being considered."

However, the bank did not deny, as reported by "Globes" that it plans selling its Latin American banking operations based around two branches in Uruguay.

Published by Globes [online], Israel business news - www.globes-online.com - on November 27, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

Bank Hapoalim
Bank Hapoalim
Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018