Discount Bank improved its capital adequacy; reinsured its NIS 2.9 Billion performance bonds portfolio – Led by CRS

Discount Bank recently completed a deal with international (Re)insurers rated at least AA- which insured 80% of the portfolio in the amount of NIS 2.9 billion, which includes performance guarantees given to customers of the Bank’s business division. These customers include defense sector exporters, real estate contractors, infrastructure projects and public transportation projects.