“We believe that (MAX) can be an innovator and add to the competition,” Zilberman said.
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Thank you.
In February, Warburg Pincus acquired Leumi Card from Bank Leumi and Azrieli Group Ltd. for $693 million (NIS 2.5 billion). This follows the implementation of the Strum Committee report, which recommended splitting the credit card companies from the banks in order to enhance competition in the credit market.
