Member access

4-Traders Homepage  >  Shares  >  TEL AVIV STOCK EXCHANGE  >  Bank Leumi Le Israel BM    LUMI   IL0006046119

Delayed Quote. Delayed TEL AVIV STOCK EXCHANGE - 11/27 10:24:20 am
1374 ILa   +0.29%
3d ago BANK LEUMI LE ISRAEL BM : Financial Statements Q3/2014
3d agoDJBank Leumi Profit Lifted by Lower Financing Costs, Loan Provisions
11/19BANK LEUMI LE ISRAEL BM : quaterly earnings release
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Bank Leumi le-Israel Ltd. : Leumi launches the "Leumi Business Fund", Israel's largest fund for small and medium businesses - totaling NIS 3 billion

05/07/2013 | 09:25am US/Eastern
Leumi launches the "Leumi Business Fund", Israel's largest fund for small and medium businesses - totaling NIS 3 billion
Bank Leumi announced today the launch of 'Leumi Business Fund' totaling NIS 3 billion - with preferred terms, fast approval track and without unnecessary red tape

The fund is fully owned by Leumi, with no government guarantees. This fact enables customers

the fastest approval track that exists in the system today - within 14 days only.

The Fund is intended for business owners, who are customers of all bank: it grants loans on attractive terms, with a collateral requirement of only 25%. The loans are granted for amounts from NIS 300,000 to NIS 1 million, at an interest rate of Prime + 1.9% per year, with a repayment period of up to five years and an option to defer payments (Grace) for up to one year. The loan process is carried out through an external credit committee (the customer selects one of five companies) and is submitted to the branch for approval. The Fund is intended for small businesses, corporations and licensed dealers, with a turnover of between NIS 1 million and NIS 10 million a year, and a bank indebtedness of up to NIS 5 million. The Fund is primarily intended for businesses with at least one year of existence - but in special cases businesses in the set-up stage may also apply.

Rakefet Russak Aminoach, Leumi President  & CEO: "The launching of 'Leumi Business Fund' is in accordance with Leumi's view that SME's are the core of the economy and its key growth engine. The Fund, totaling NIS 3 billion, will allow credit to be granted on a fast track and at preferential terms. We believe that this move - in addition to its contribution to customers - will also contribute to the entire Israeli economy by encouraging growth and increasing competitiveness."

distributed by
React to this article
Latest news on BANK LEUMI LE ISRAEL BM
3d ago BANK LEUMI LE ISRAEL BM : Financial Statements Q3/2014
3d agoDJBank Leumi Profit Lifted by Lower Financing Costs, Loan Provisions
11/19BANK LEUMI LE ISRAEL BM : quaterly earnings release
11/05 Israel arrested UBS adviser, 13 others, in tax evasion investigation
09/21 Julius Baer eyes Coutts international arm, wary of bidding war
09/18 BANK LEUMI LE ISRAEL : Exclusive at Leumi Digital: "Leumi SmartWatch": The First..
09/11 BANK LEUMI LE ISRAEL : For the First Time in the Israeli Banking System: "Leumi ..
09/03 BANK LEUMI LE ISRAEL : World Finance Magazine Selects Bank Leumi As The Best Ban..
08/22 RBS could split Coutts International to woo Asian buyers
08/21 BANK LEUMI LE ISRAEL : Financial Statements Q2/2014
Advertisement
Chart
Duration : Period :
Bank Leumi Le Israel BM Technical Analysis Chart | LUMI | IL0006046119 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF