Tag: Israeli Banking
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Discount Bank Sells Share in Cal: Future Prospects Ahead
Introduction On Friday morning, Discount Bank, led by CEO Avi Levy, announced its decision to sell a 72% stake in Cal (Isracard) to Union Investments, owned by billionaire George Horash, and Harel Insurance, controlled by the Hamburger family. The winning bid valued Cal at 3.73 billion shekels, with the potential to rise to 4 billion…
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Discount Bank Sells Stake in Cal: A Long Road Ahead
Introduction In a significant move, Discount Bank, under the leadership of Avi Levi, announced its decision to sell its 72% stake in Cal (Isracard) to Union Investments, led by billionaire George Kores and his children, along with Harel Insurance. The acquisition comes with a valuation of 3.73 billion shekels, potentially rising to 4 billion shekels,…
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David Blumberg: A Tribute to a Legacy in Israeli Banking
David Blumberg, one of the most distinguished figures in the Israeli banking sector, passed away today at the age of 81. His remarkable career spanned several decades, during which he held prominent positions, including Chairman of Bank Jerusalem and CEO of Bank Mizrahi and Bank Tafil. Blumberg was an influential figure whose leadership shaped the…