Bank Hapoalim has announced it will distribute a billion Shekel dividend. This will be the first dividend the bank has distributed in over a year, due to the investigation of the bank by the US Justice Department, which still remains pending. This distribution is a special dividend, made possible thanks to an excess in capital the bank now possesses, as a result of the sale of 70% of its shares in its credit card subsidiary, Isracard, for NIS 1.8 Billion.
