Discount Bank has completed the institutional raising phase of its share issue yesterday, with record demand of NIS 1.7 billion, of which the bank responded to NIS 1.424 billion. The issue closed at a price of NIS 19.52 – slightly above the closing price of the share, at the end of the trading day.
Today at the opening of trading the pressure on the stock gave its signals and it opened with a decrease of about 1% but the market liked the move of Discount which concentrates the high trading on the stock exchange over NIS 200 million with an increase of 1.5%.
Uri Levin, CEO of the Discount Group: “The results of the offering are, first and foremost, a significant expression of confidence in Discount. In exchange for the issue, it will allow the bank to continue responsible and focused growth, while bringing a proper return to the shareholders, and leading the competition in the banking system. “