The bank's share price shot up 8.7% today.
Bank Hapoalim's (LSE: BKHD; TASE: POLI) board of directors held an unscheduled meeting today in the wake of the meetings between controlling shareholder Shari Arison and Governor of the Bank of Israel Stanley Fischer. The future of the board's chairman, Dan Dankner, whom Fischer is understood to have urged Arison to replace, was not discussed. Dankner surveyed recent events for the directors.
The bank's share price responded today by shooting up 8.7% on the Tel Aviv Stock Exchange, on the second highest turnover of the day. The volume of trading in Bank Hapoalim shares was more than double the daily average for the past three months.
Galei Tsahal Army Radio reported that sources close to the bank's senior management said that Dankner would carry on in his post as normal.
Published by Globes [online], Israel business news - www.globes.co.il - on April 23, 2009
© Copyright of Globes Publisher Itonut (1983) Ltd. 2009
Stella Korin-Lieber and Eran Peer
Eran Peer and Stell Korin-Lieber
Eran Peer and Stella Korin-Lieber