Bank of Israel looks for buyer of Euro Trade Bank
The Bank of Israel recently has approached several commercial banks to explore their purchasing the privately-held Euro Trade Bank. None of the banks apparently expressed such an interest.
This is the second time in the past year that the central bank has acted as a mediator in the banking sector. About a year ago it approached Bank Hapoalim to inquire if it is interested in purchasing Maritime Bank: the deal went ahead about two months ago.
Euro Trade Bank is one of the country's
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