In anticipation of foreign investments in Israeli real estate, Bank Hapoalim announced Monday that it would offer mortgages in foreign currencies for its customers. Customers can pay the mortgage in either Euros or dollars, and collect any returns in the same currency.
The foreign currency mortgage program is part of an overall effort by Bank Hapoalim to encourage foreign real estate investments, specifically from Europe and the United States. Bank Hapoalim will also add mortgage advisers fluent in foreign languages, and provide mortgage contracts in English and French.
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