February 2, 2020 / 3:57 PM / 17 days ago

Israel's Bank Hapoalim to distribute Isracard stake as dividend

JERUSALEM, Feb 2 (Reuters) - Israel’s Bank Hapoalim will distribute its 33% stake in credit card business Isracard as a dividend to the bank’s shareholders, it said on Sunday.

Hapoalim, which is required by new Israeli regulation to separate the bank from its former credit card unit, said in a regulatory filing that its board approved the distribution expected to take place next month. (Reporting by Ari Rabinovitch Editing by David Goodman)

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