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Mizrahi Gains Most in Three Weeks on Strategy Plan; 17% ROE

July 23 (Bloomberg) -- Bank rises 2.6% after announcing 5-year strategy, aim to reach 17% ROE. * Gain is biggest since July 1 to 28.72 shekels * ROE target based on current core capital requirement of 7.5 percent * Expects to meet requirement by 2014 NOTE: Mizrahi is Israel’s fourth-largest bank by assets NOTE: TA-25 down 0.9%

To contact the reporter on this story: David Wainer in Tel Aviv at dwainer3@bloomberg.net

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

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