28.03.2011                      22.Adar ll, 5771

Entschädigung:

Bank Leumi agrees to pay NIS 130m. to Holocaust victims

Despite high hopes, restitution organization agrees to ‘cut our losses’; money will go to heirs of victims, projects to help survivors.

Bank Leumi and Hashava – The Company for Location and Restitution of Holocaust Victims’ Assets ended months of arbitration by signing an agreement in which the bank will pay the company NIS 130.8 million, the two sides announced Sunday.
The money will go to heirs of Holocaust victims and toward projects that help Israeli Holocaust survivors – more than a quarter of whom live under the poverty line, according to government estimates….