Harel Insurance gets OK to issue credit cards
JERUSALEM |
JERUSALEM Jan 20 (Reuters) - Israel's Harel Insurance and Investments (HARL.TA) said on Sunday it had received approval from Israel's anti-trust authority to begin a venture involving issuing credit cards.
Harel last May had agreed to a deal with Israel Credit Cards (ICC) after it sold its 5 percent stake in ICC to Israel Discount Bank (DSCT.TA) and First International Bank of Israel FTIN5.TA. Discount owns about 72 percent of ICC and FIBI owns the other 28 percent.
(Reporting by Steven Scheer, editing by Elizabeth Fullerton)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters