Bank Leumi Announces It Will Not Forgive Nochi Dankner's Personal Debt

Following public pressure, the bank's CEO - Rakefet Russak Aminoach – goes back on a plan to forgive some NIS 150 million of the debt of the IDB controlling shareholder.

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Bank Leumi announced Friday that it will renege on a plan to forgive some of the personal debt of IDB controlling shareholder Nochi Dankner. The proposed debt rearrangement would have erased NIS 100-200...