BREAKING NEWS

Bank Leumi agrees to pay Holocaust victims org. NIS 130m

By JPOST.COM STAFF

MARCH 27, 2011 11:20

Bank Leumi and The Company for Location and Restitution of Holocaust Victims' Assets announced Sunday morning that they have signed a compromise agreement by which the bank will pay the company NIS 130.8 million.

The money will go towards helping Holocaust survivors and the heirs of those killed in the Holocaust.

The compromise came following an NIS 400 million lawsuit against Israeli banks who held the money of European Jews killed in the Holocaust.

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