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

By JPOST.COM STAFF
March 27, 2011 11:20

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

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.

Related Content

Breaking news
August 16, 2018
'Queen of Soul' Aretha Franklin dies at age 76

By REUTERS