Mizrahi Tefahot Bank reinsured NIS 15 Billion of its Housing Bonds Portfolio with Global Reinsurers – Led by CRS

Bank Mizrahi Tefahot insured Sales Law Guarantees for Housing Bonds contracts in the amount of 15 Billion NIS. They are not the first join, as Bank Leumi, Hapoalim and Discount already insured their Housing Bond Portfolios. This transaction will improve the capital adequacy ratio of the Bank by 0.25% and improves its ability to grow in its Credit portfolio.