Leumi bank intends to reduce the risk on its NIS 25 Billion Housing bond portfolio – The deal is led by CRS

The Bank is in advanced talks with global re-insurers for the purchase of NIS 25 billion in the housing bond portfolio. The deal will allow the bank to release 10 billion in risk assets and increase capital adequacy ratio at 0.3% Leumi bank will purchase an insurance policy for the Sales Law guarantees.