Hapoalim Bank reinsured NIS 27 Billion of its Housing bonds portfolio with Global Reinsurers – Led by CRS

Bank Hapoalim has finalized agreements with highly ranked international Re(insurers), to acquire its housing bond portfolio. The insured part of the portfolio is valued at 27 billion NIS, while the insurance policy protects the bank in case it is required to pay funds to realization of the guarantees.