Bank Leumi and Israel Credit Cards agreement | August 2018

Partners Ofer Hanoh, Ido Amir and Adv. Tamir Lazarov represented Bank Leumi Le-Israel Ltd. in an agreement with Israel Credit Cards Ltd. (“ICC”) for the issuance and processing of charge cards.

The Strum reform compels Bank Leumi as at February 2019 to process its new credit cards business with at least 2 credit cards companies, where the share of each company shall not be higher than 52%.

In the process of implementing the Strum reform, Bank Leumi enagegd with ICC and Diners Club Israel (an ICC subsidiary) in an agreement for the issuance and processing of Visa, Mastercard and Diners cards.

Calcalist (Hebrew), August 13, 2018

August 12, 2018

Ofer Hanoh

Phone 972-3-6074511

Download vCard

Ido Amir

Phone +972-3-6074459

Download vCard

Tamir Lazarov

Phone +972-3-6074557

Download vCard