80OA Qnb Fin 35

 

TIDM80OA 
 
RNS Number : 7768P 
Bank Hapoalim B.M. 
31 March 2009 
 

Head Office 
63 Yehuda Halevi St., Bank Hapoalim Bldg., Tel Aviv 65781 
Tel: 972-3-5673800; Fax: 972-3-5674576 
 
 
Date: March 30, 2009 
Reference: 802/09 
+-------------------------------------------+ 
| To:The London Stock Exchange              | 
+-------------------------------------------+ 
 
 
 
 
Dear Sir or Madam, 
 
 
 
 
RE:Immediate Report 
 
 
Bank Hapoalim B.M. (hereinafter: "the Bank") advises as follows; 
 
 
On 29th March, 2009 the Chairman of the Board of Directors of the Bank, Mr. Dan 
Dankner, received a letter from the Supervisor of Banks with regard to the 
procedure involved for the replacement of the CEO in the Bank. 
 
 
The Supervisor informed, that he intends to examine during the upcoming days, 
whether the Board of Directors held thorough discussions, as required, as to the 
circumstances of the present CEO's resignation and its implications, as well as 
the manner in which the decision was taken for the appointment of the proposed 
CEO. 
 
 
The Supervisor informed the Bank, that it is requested not to advance the Board 
of Director's decision on the appointment of the Bank's new CEO, until the end 
of his examination. 
 
 
Moreover, the Supervisor requested to bring the content of his letter to the 
attention of the Board of Directors. 
 
 
The Board of Directors, which will convene on 31st March 2009, will hold a 
discussion on the Supervisor's letter. 
 
 
The Bank has been exchanging and will continue to exchange views with the 
Supervisor of Banks. 
 
 
 
 
Yours faithfully, 
 
 
Bank Hapoalim B.M. 
 ( - )    ( - ) 
 
 
+------------------------------+---+--------------------------------+ 
|      Ilan Mazur, Adv.        |   |        Yoram Weissbrem         | 
|     Chief Legal Adviser      |   |     Secretary of the Bank      | 
+------------------------------+---+--------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 BOAIIFSRVSILVIA 
 

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