Bank HaPoalim Forced Services


	Bank HaPoalim Forced Services

spherepet

10-25-2007 11:25 AM

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tags:

bank hapoalim, gaza banking services

spherepet says:

wo Israeli banks decided within the last month to end services to Gaza in view of the government's decision to designate the Hamas-controlled region as an "enemy entity." The Bank of Israel is blocking the move. What follows will affect banking services in Gaza.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/02175c78-f197-4bcf-a9b1-1fe01eeaa51f/36C13932-70A2-4FBA-9835-7A42E67EB86E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.israelnationalnews.com/News/News.aspx/124033" href="http://www.israelnationalnews.com/News/News.aspx/124033" style="font-size: 11px;">www.israelnationalnews.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.israelnationalnews.com/News/News.aspx/124033"><H1 class="NewsTitle">Bank HaPoalim Forced to Continue Services to Gaza</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.israelnationalnews.com/News/News.aspx/124033"><DIV class="ArticalAuthor"> <BR />by Hana Levi Julian</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.israelnationalnews.com/News/News.aspx/124033"><P>(IsraelNN.com) Two Israeli banks decided within the last month to end services to Gaza in view of the government's decision to designate the Hamas-controlled region as an "enemy entity." The Bank of Israel is blocking the move.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.israelnationalnews.com/News/News.aspx/124033"><P>The Bank of Israel ordered Bank HaPoalim to postpone its decision to cut off operations in the Gaza region until an alternative is found for the local population.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.israelnationalnews.com/News/News.aspx/124033"><P>Bank of Israel officials said this week that they fear an interruption of cash flow would exacerbate problems. Possible alternatives being considered are a Postal Bank or a relationship with Egyptian banks.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.israelnationalnews.com/News/News.aspx/124033">The original decision by Bank HaPoalim, Israel's largest commercial bank, prompted Palestinian Authority bankers to voice concerns that other Israeli banks would follow its lead</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.israelnationalnews.com/News/News.aspx/124033">Their fears were soon realized; Israel Discount Bank announced this month that it too would halt services.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/36C13932-70A2-4FBA-9835-7A42E67EB86E/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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