Businesswoman Sherry Arison put some Bank Hapoalim shares up for sale for NIS 850 million

Businesswoman Sherry Arison put Bank Hapoalim shares up for sale for NIS 850 million. In total, Arison is selling approximately 1.8% of the bank's share capital and will decrease to a holding of approximately 6% of Bank Hapoalim. The distribution is done by Bank of America and Barak Capital.
Bank Hapoalim is in a very good time. The bank moved away from the credit limits for the real estate sector, which allows it to be more aggressive in providing credit to the real estate sector. In addition, inflation is rising and interest rates are rising, which generates significant profits for the bank.
The working assumption in the banking system is that next year the banks will return to increasing the provision for doubtful debts, which will erode their profits from the rise in interest rates and the rise in the index, so it seems that this year is a good opportunity for those who are interested in realizing the bank's shares - Sherry Arison for example.
Despite the declines in the financial markets since the beginning of the year, Bank Hapoalim shares produced a positive return of more than 7%, with the stock rising by 10% in the last month, erasing the losses since the beginning of the year. The rise in the stock and the good period that the bank is going through makes Arison's sale a "deluxe sale".