Discount Bank raised NIS 1.4 billion by issuing shares
Categories: Banking & Finance, Capital Markets
Discount Bank completed the issue of shares. Total demand reached NIS 1.7 billion. The bank decided to raise NIS 1.424 billion at a price of NIS 19.52 per share.
According to sources at Discount Bank, the raising of capital was done to enable the bank to continue its growth momentum and realize its existing significant potential, with an emphasis on the areas of the Bank’s strategic focus – mortgages and medium-sized businesses – while taking advantage of existing market opportunities.
The Meitar team, representing Discount Bank, was led by Yael Weiss, Clifford Felig, Shachar Hadar, Heba Boulos and Yakir Arbili.
