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Banking: first of the lean years?

Authors :
Trofimov, Yaroslav
Source :
The Financial Times. July 15, 1996 Issue 33035, pFTS4, 1 p.
Publication Year :
1996

Abstract

Isareli banks have seen a rise in profit and have benefited from expansion into non-banking areas such as stock broking. This looks set to change due to legislation which imposes divestment of non-financial assets by banks. Further legislation is scheduled that will reduce the role of banks in the capital market. Bank Hapoalim, the most profitable Israeli bank in 1995, is especially likely to be affected by these changes. Foreign competition could also become a problem for Israeli banks.

Details

ISSN :
03071766
Issue :
33035
Database :
Gale General OneFile
Journal :
The Financial Times
Publication Type :
News
Accession number :
edsgcl.18529515