The Bank of Israel grants an additional permit, its third one, to an institutional entity to increase its holdings in bank shares
The Governor today issued a permit to the controlling shareholders of a financial group managing customers’ funds, who requested permission to hold up to 7.5 percent of the means of control of in banking corporations.
28/05/2017
In
accordance with the new policy published by the Bank of Israel in June 2016, and after the first permit in
accordance with such policy was granted
on January 24, 2017 (link), the Governor today issued a permit to the controlling shareholders of
a financial group managing customers’ funds, who requested permission to hold up
to 7.5 percent of the means of control of in banking corporations.