Connect with us

Hi, what are you looking for?

Jewish Business News


Hapoalim receives offer to buy Turkish unit BankPozitif

The offer is from a Turkish holdings company that already has financial activities and should be able to obtain a banking license.

Bank Hapoalim


Bank Hapoalim (TASE: POLI) has received an offer to acquire BankPozitif, the Turkish unit that it controls, the Israeli bank has reported to the Tel Aviv Stock Exchange (TASE).

The offer is from a Turkish holdings company that already has financial activities, sources inform “Globes.” Thus if the deal is completed, it can be assumed that there will be no problem in the new owners obtaining a retail banking license from Turkish regulators to receive deposits from the public – a license that Hapoalim does not have. Pozitif has $175 million in capital, and in recent months most banking deals that it has carried out have been at a multiple of less than 1 of equity. Market sources believe that even if talks move ahead , the deal will not be closed before the end of the year… [READ MORE]

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.


Published by Globes [online], Israel business news –



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.