Israel’s Biggest Banks to Cooperate With Bahrain Lender | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Israel’s Biggest Banks to Cooperate With Bahrain Lender

TDT | Manama

The Daily Tribune – wwwnewsofbahrain.com

Israel’s two largest lenders have each signed memorandums of understanding with the National Bank of Bahrain to facilitate business dealings between the countries.

Bank Leumi Le-Israel and Bank Hapoalim Ltd. said on Sunday they reached cooperation agreements with the Bahraini bank. The accords will provide a banking platform for trade ties, currency and securities trading, as well as investment between the two countries.

Bahrain in September signed an agreement to establish normal relations with Israel.

Meanwhile, Ambassador Huda Nonoo who is with the Foreign Affairs Ministry, tweeted about the historic tie-up, "Israel’s two largest banks, Bank Hapoalim and Bank Leumi, have signed MoUs with Bahrain's NBB! This will make banking transactions possible for customers in both countries as new economic opportunities arise following the Abraham Accords."

Ms Nonoo previously served as the Ambassador of Bahrain to the United States and non-resident Ambassador to Canada, Brazil, Mexico & Argentina.