Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Mizrahi Approves 5-Year Strategy Plan, Keeps Dividend

(Corrects dateline.)

July 23 (Bloomberg) -- Mizrahi Tefahot Bank Ltd.’s board approved a five-year strategy plan that envisages meeting core capital requirements by January 2014 and maintaining the existing dividend policy, according to a filing with the Tel-Aviv Stock Exchange today.

Israel’s fourth-largest bank by assets, according to data compiled by Bloomberg, said it aims to achieve a 17 percent return on equity based on the current core capital requirement of 7.5 percent.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.