Insurance company to become shareholder in Esh with 4.99% holding; investment values the new digital bank at NIS 1.8 billion

The approval marks second time in three years that a new bank will be set up in Israel; plan is for digital bank to offer attractive interest rates and services without commissions

In 2017, Israel Securities Authority chair Shmuel Hauser agreed to water down a bill that would have significantly curtailed eToro’s global expansion. Now he's a board member

Calcalist reports that Zuk and former Israeli securities regulator Shmuel Hauser will seek institutional investment for new bank and are eyeing a Bank of Israel license