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    POLI   IL0006625771


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Bank Hapoalim B M : Regarding An Application for the Approval of a Class Action in the Matter of Charging a Fee Per Liner

04/24/2021 | 06:00pm EDT

The following is an unofficial translation of the Hebrew report and has been prepared for convenience only. In case of any discrepancy, the Hebrew version prevails.

מ"עב םילעופה קנב

Bank Hapoalim B.M.

Number with the Registrar: 520000118

Securities Authority

Tel Aviv Stock Exchange Ltd.

Tav 121

Transmitted Via Magna: 25/04/2021




Reference: 2021-01-069741

Immediate Report

Explanation: This form should not be used when there is a form

appropriate to the reported event.

Results of an issue should be reported on Tav 20 and not on this form.

A report on the rating of bonds or the rating of a corporation

should be filed under Form Tav 125.

Nature of the Event: An Application for the Approval of a Class Action in the Matter of Charging a Fee Per Line

Reference numbers of previous reports on the subject: _______ _________ ______

Bank Hapoalim B. M. ("the Bank") updates that on 22.4.2021 there were received a statement of claim and an application for the approval of an action as a class action that were filed against the Bank and another bank with the District Court of Tel Aviv. It is alleged in the application, inter alia, that charging a fee per line (a fee for recording a transaction or a fee for administering a transaction) in relation to customers defined as a large business is against the law and the provisions of the scale of charges and constitutes overcharging, and that no disclosure was given in respect thereof. Alternatively, it is alleged that the price of the fee is exaggerated. The application does not specify any amount of group damage.

Attached is a file _____________________

The company is not an enveloping company as defined in the TASE Rules and Regulations

The date and time when the corporation first learned of the event: 22/04/2021 at 18:32 pm.

Particulars of the signatories authorized to sign on behalf of the corporation:

Name of Signatory

Job Title


Yael Almog


Chief Legal Advisor


Isaiah Strausz


Deputy Chief Legal Advisor

Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (5730-1970),

a report filed pursuant to these Regulations should be signed by the persons authorized to sign on behalf of the corporation. ISA Staff position on the subject can be found on the ISA website: Press here

Date Signed: 25.4.2021


The reference numbers of the previous documents on the subject (any citation made does not constitute inclusion by way of reference):

The securities of the corporation are listed for trading on the Tel - Aviv Stock Exchange

Date on which the structure of the form was updated: 20/04/2021

Abbreviated Name: Poalim

Address: POB 27, Tel Aviv 6100001 Telephone: 03-567 3800. 03-567 3333, Fax: 03-567 4576

Electronic Mail: gilad.bloch@poalim.co.ilCompany Website: http://www.bankhapoalim.co.il

Previous names of the Reporting Entity:

Name of Electronic Reporter: Bloch Gilad, His Job Title: Secretary of the Bank, Name of Employing Company:

Address: Yehuda Halevy 63, Tel-Aviv 6578109, Telephone: 03-567 3800 Fax: 03-567 4576,

Electronic Mail: gilad.bloch@poalim.co.il



Bank Hapoalim BM published this content on 25 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2021 07:04:03 UTC.

© Publicnow 2021
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