Israeli banks are close to Real Estate Sector limitations

“We have been approached by contractors who were denied financial investments. There are bank branches right next to the Association’s building, and they come straight here after the meeting. It has recently turned into a phenomenon, and we have seen it grow beyond normal proportions,” says Israel Builders Association president Roni Brik, “The major banks, which are the main financiers of real estate projects, have already reached their credit limit set by the bank of Israel. The smaller ones are around the 15% mark, and decided not to go as far as the 20% threshold.”

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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.

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Leumi bank reinsured NIS 25 Billion of its Housing Bond Portfolio with Global Reinsurers – Led by CRS

Bank Leumi has just announced that it will Re-insure its housing bond portfolio with global (Re)insurers.

This deal has been leaked by “Calcalist” last September during the negotiation process. It was then revealed that the bank was in the midst of negotiating a transaction for insuring a policy in the amount of 25 Billion NIS with Swiss Re, Munich Re who have signed a similar deal with Discount bank in August of last year.

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Leumi bank intends to reduce the risk on its NIS 25 Billion Housing bond portfolio – The deal is led by CRS

The Bank is in advanced talks with global re-insurers for the purchase of NIS 25 billion in the housing bond portfolio. The deal will allow the bank to release 10 billion in risk assets and increase capital adequacy ratio at 0.3% Leumi bank will purchase an insurance policy for the Sales Law guarantees.

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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.

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