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Bank Leumi Signed an Agreement to Acquire Banque Safdie SA for CHF177 Million

TEL AVIV, Israel February 10, 2011 Geneva

CHF177 million Geneva

Switzerland CHF10 billion

Galia Maor Zvi Itskovitch Amnon Zaidenberg

Galia Maor Switzerland

Edmundo Safdie Brazil

Closing of the transaction is expected to occur during the second half of 2011, subject to receipt of regulatory approvals from the Israeli and Swiss banking supervisory authorities. Bank Leumi intends to finance this acquisition with its internal resources.


Switzerland Galia Maor Amnon Zaidenberg Zurich Geneva Israel CHF5 billion September 2010

About Banque Safdie SA:

Edmundo Safdie Geneva Zurich Israel Latin America

     For further information contact:      Roni Shefi, Prometheus     +972-54-7997356     [email protected]   

SOURCE Bank Leumi

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