boi statement, 2019-05-16
In addition to the requirement to refund the customers' money, and due to the stated breaches, the Banking Supervision Department imposed a monetary sanction on Bank Hapoalim in respect of the breach of Proper Conduct of Banking Business Directive 433, and in respect of the breach of Section 9(j) of the Banking Law (Service to the Customer) totaling NIS 1,575,000.
Sentiment: neutral
Topic: governance