First deal in the market led by CRS – Discount Bank reinsures its NIS 6.8 Billion Housing Bonds Portfolio with Global Reinsurers

Discount purchased an insurance policy in the amount of NIS 4 billion on its housing bond portfolio. The transaction, which took effect last August, will allow the bank to release capital of NIS 1.6 billion and improve its capital adequacy ratio by 0.15%.
This is an innovative transaction banking market in Israel, funded through international re-insurers led by Swiss Re and Munich Re.