Controlling Shareholder, Bank Hapoalim Announced its 2007 Financial Results

Controlling Shareholder, Bank Hapoalim Announced its 2007 Financial Results. BankPozitif's controlling shareholder, leading bank of Israel, Bank Hapoalim Group reported its Financial Results for the year 2007.

As of 31 December 2007, asset size and total equity of Bank Hapoalim are USD 86b USD and 5.3b, respectively. Net profit for the Bank Group reached to USD 760m.

The Chairman of the Board of Directors, Mr. Dani Dankner, commented that: "The Bank continues to implement its global strategy of investing in developed and developing markets worldwide".

Bank Hapoalim CEO Mr. Zvi Ziv commented also on developing international operations through new acquisitions realized in 2007, including the acquisition of Demir Kazakhstan Bank by BankPozitif. He also added that growth rate of international operations will be accelerated in 2008, while maximizing the great potential of the banks that were previously acquired.

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