Hapoalim Bank will reinsure NIS 25 billion of its Housing bonds portfolio with Global Reinsurers- Led by CRS

Bank Hapoalim is in the midst of advanced negotiations with an international (Re)insurers to purchase a coverage in the amount of 25 billion NIS for its housing bonds portfolio. The bank will grant the guarantees to those who purchase the property during the construction time-frame to ensure rights for the buyer. The transaction is led by the corporate division supervisor Jacob Orbach.