The Bank of Israel does not believe the housing market is currently in a bubble, but that this could change, which is why he is acting now, the banks supervisor said.
Execs get NIS 5.6 million in incentive pay for 2010 performance
Dankner is paying the bank NIS 42m instead of the NIS 106m the paper owes.
Firm still needs new chairman and CEO.
Despite tough conditions in some of the company's markets, Africa Israel has managed to advance several prominent projects.
Shareholders’ equity grows to NIS 23 billion, leading its core Tier 1 capital ratio to improve from 8.52% in 2009 to 9.07% in 2010.
The company reports a net profit attributable to shareholders of NIS 1.7 billion, compared with a loss of NIS 673 million the year before.
The main beneficiary of the NIS 200 million dividend will be Arison Investments.
The change is based on the company's increased presence in the U.S., begun last year, and its expectations that properties under development in Israel and elsewhere will be completed this year.
Municipality sells stake for $310 million