Bank Leumi estimates losses of NIS 800 million in 4th quarter of 2008

By JPOST.COM STAFF
February 18, 2009 11:21

Bank Leumi on Wednesday estimated losses of NIS 800 million in the fourth quarter of 2008, Army Radio reported. The bank cited the global economic crisis and ailing international and local markets. If the assessment proves true, the bank will conclude the year with a profit of NIS 475-575 million.


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