Shlomith Zuta

Industrial Development Bank of Israel Ltd. focuses on normal banking activities, including, without limitation, the extension of short, medium and long term credit in NIS and foreign currencies, the acceptance of deposits in all currencies, the maintenance of checking accounts and the issuance of credit cards. In addition, it issues guarantees of all types in Israel and abroad and issued letters of credit and other documents relating to foreign trade. It maintains a foreign exchange dealing room, which provided currency conversion services and services relating to the hedging of currency and interest rate risk. Its finance department also provided services in factoring and futures transactions. It also analyzes and prepared applications for 'Approved Enterprise' status and administered government grants. Its customers included many of Israel's well known large industrial companies, medium size commercial entities, public institutions, kibbutzim and other agricultural sector companies. Until 2002, its goal was to gradually expand its range of commercial banking activities, which generally focused on the business and industrial sectors, and diversify its customer base

Union Bank of Israel Ltd. engages in the provision of commercial banking services. It operates through the following business segments: Individuals segment, Business segment, Diamonds segment, and Financial Management segment. The Individuals segment covers retail and private banking services, financing services for housing and capital market, current accounts management services, investment consulting, investments in securities, deposits, credit cards, mortgages, and loans. The Business segment covers banking services to business customers and provision of credit constitutes the main activity of this segment. The Diamonds segment provides services to active clients in the Tel Aviv Diamond Exchange. The Financial Management segment includes the Nostro activities of the bank through investments in securities (mainly bonds), bank deposits, transactions in derivative financial instruments, market making, and market and liquidity exposures management. The company was founded in 1951 and is headquartered in Tel Aviv, Israel.