Dexia Israel has extended NIS 360 million in financing for municipal water projects, 45% of this market.
Sources inform ''Globes'' that Dexia Israel (Public Finance) Ltd. (TASE:DXIL) is considering investing in wind and solar renewable energy ventures. The bank's core business is lending to local authorities and financing municipal infrastructure projects.
Dexia Israel has extended NIS 360 million in financing for municipal water projects, 45% of this NIS 800 million market. Yesterday, the bank announced that it lent over NIS 100 million to municipal water and sewage projects in the first half of 2010, including to the municipalities of Herzliya, Kadima-Zoran, Kfar Yona, Tel Mond, and Pardesiya.
Franco-Belgian bank, Dexia (Euronext: DXB; LSE: DEX) owns 65% of Dexia Israel.
Published by Globes [online], Israel business news - www.globes-online.com - on August 16, 2010
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