Bank Leumi Le-Israel BM is planning to sell off its real estate assets. Globes reported that Leumi is mulling the move of spinning off the real estate on a sell and leaseback basis i.e. Leumi will sell all its real estate, or part of it, to institutions and then leaseback the properties. The sale still requires the approval of its Chief Executive Officer, Russak-Aminoach.

ank Leumi confirmed that the "subject is undergoing preliminary investigation." If the bank does indeed promote the plan to fruition and sell the assets, there would be a potential profit of hundreds of millions of shekels, and even more, market sources said.