Bank Leumi CEO Sees Dividend Reinstated After Five Year Drought

  • Lender to seek BOI approval in 2017 after capital target met
  • Leumi has cut jobs, sold loan portfolios to boost equity ratio

Bank Leumi Le-Israel Ltd. expects to end its five-year dividend drought in early 2017 as it’s “very close” to clearing the main regulatory hurdle standing in its way, Chief Executive Officer Rakefet Russak-Aminoach said.

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