Norwegian Central Bank Buys Additional Israel’s Discount Bank Stake

Norway central bank now holds a 2.6 percent stake in the Israeli bank.

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norges bank - Norway central bank

Last week Israel Discount Bank raised $127 million in a share offering at $1.83 per share, with a further $59.29 million to be raised in options. Now it was reported that the Norway’s central bank Norges Bank has made a surprising step and increased its holding in Israel Discount Bank to 2.6 percent. Norges Bank holds 29.4 million Discount Bank shares worth $53.20 million.

Israeli Globes reports that the purchase of the shares is surprising attentively that Noges Bank also manages the sovereign wealth fund, which in 2013 decided to denounce its shares in Israeli companies due to the political Israel-Palestine conflict.

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