29th Oct 2008 07:38
BANK LEUMI LE-ISRAEL B.M.
(GUARANTOR - GUARANTEED EURO MEDIUM TERM NOTE
PROGRAMME OF LEUMI INTERNATIONAL INVESTMENTS N.V.)
Translation of Immediate Report
Bank Leumi le-Israel B.M.
Registration No. 520018078
Securities of the Corporation are listed on The Tel Aviv Stock Exchange
Abbreviated Name: Leumi
Leumi House, 34 Yehuda Halevi Street, Tel Aviv 65546
Phone: + 972 3 5148111, + 972 3 5149419; Facsimile: + 972 3 5149732
Electronic Mail: [email protected]
29 October 2008
To: Israel Securities Authority (www.isa.gov.il)
The Tel Aviv Stock Exchange (www.tase.co.il)
Immediate Report regarding an Event or Matter falling outside the Ordinary Course of Business of the Corporation
Pursuant to Regulation 36(a) of the Securities (Periodic and Immediate Reports) Regulations, 1970
Nature of the Event: Immediate Report
Bank Leumi le-Israel B.M. (the "Bank") announces as follows:
1. In the wake of the deepening of the global financial crisis, continuing declines on stock exchanges worldwide and in Israel, the collapse of the Lehman Brothers investment house (see the Bank's Immediate Reports of 16 September and 18 September 2008) and the US bank Washington Mutual (see the Bank's Immediate Report of 28 September 2008) and the deterioration in the state of the Israeli economy, and the effect of all the above on the business of the Bank, the Bank estimates that there will be a significant adverse effect on its business results for the third quarter of 2008, as compared with the first half of 2008.
2. The Bank's estimation with regard to the adverse effect on the business results for the third quarter of 2008 constitutes forward-looking information. The above report is based on estimations and on data presently available to the Bank, but which is not final and has not yet been fully processed, and therefore this data is likely to change. In addition, the business results may vary from those forecasted as of the date of this report, inter alia, due to developments in the financial markets, as they materialize.
Date and time at which the corporation first became aware of the event or matter:
28 October 2008 at 18:25.
________________________________________________________________
Name of Electronic Reporter: Jennifer Janes, Position: Executive Vice President, Group Secretary
POB 2 Tel Aviv 61000, Phone: + 972 3 5149419, Facsimile: + 972 3 5149732,
Electronic Mail: [email protected]
Related Shares:
Citi Fun 29