there are no excellent bankers in this country. our bankers don't have to excel in banking as most of their profits come from fees. even when they loose millions in bad loans and investments, fees will always keep them in the black. thus, they are happy to take risks with tycoons- if things work well- there'll be more profit, if not, as more often than not,- the fees are still there. an excellent banker would not make such loans without proper securities and if, he or she did, than would wake up much earlier. idb has been in trouble for quite some time. ps. simple math-if all bank accounts were personal and people would only get their salaries and paid bills plus 2 credit cards, the bank fees would be about nis 400/year. times 2 mln families gives you 800mln a year. add to this fees from businesses, loans, etc. and you can forgive mere 140 mln to a friend...
Israeli soldier collapses, dies from heatstroke during visit to Jerusalem's Old City (Haaretz)
from the article: The perfect banker who made the people loathe Bank Leumi