London, September 2016
LONDON, 29 September 2016 – Bank Leumi (UK) CEO, Eli Katzav, reiterated the importance of London as a “significant global financial centre” last night, when he welcomed almost 400 clients, business partners and associates attending a special party to celebrate the upcoming Jewish New Year (3-4 October 2016).
Following the UK referendum on EU membership in June, Mr Katzav told guests that he firmly believes “in the strength of the UK economy. London will continue to be a significant global financial centre, even after Article 50 is triggered and a new agreement with the EU achieved.
“However, for the medium term we face uncertainty and market fluctuations. Like everyone else, we are watching the situation closely, but Bank Leumi has made a conscious decision not to make any policy changes until the outcome of the EU exit is clear.”
He also reported that since BREXIT, the bank has increased its lending book and its financial performance for the first half of 2016 exceeded expectations.
Aside from BREXIT, Bank Leumi (UK) has made some key changes, including the sale of its Jersey activities to align with the Leumi Group policy relating to off-shore activities.
Mr Katzav further announced that following some improvements to the bank’s IT systems, its new online banking platform, LeumiLink, will be shortly be launched.
Mr Katzav paid tribute to Shimon Peres who sadly passed away earlier this week, saying that he was recognised as a great leader and will be remembered for his optimism, determination and hopes for peace and a better future.
Looking ahead to the new year, Mr Katzav told the assembled guests: “Rosh Hashanah is an incredibly important festival and celebration in the Jewish calendar. I and my colleagues therefore wish that the New Year be one of peace, health, prosperity and happiness for all of us, our families, friends and communities.
We always look forward to welcoming friends old and new to our annual Rosh Hashanah party, so thank you for joining us.”
--- END ---
For further details, please contact:
Liat L Moskovich, Marketing & Public Relations Manager, Bank Leumi (UK) plc
T: +44 (0)20 3772 1602
Notes to editors
About Bank Leumi (UK) PLC and Bank Leumi Group
Bank Leumi (UK) is a first class boutique bank offering a wide range of corporate and private banking services to both UK based and international clients
An integral part of the Bank Leumi Group founded in London in 1902, the Bank operates through its head office in London and its award winning Asset Based Lender subsidiary, Leumi ABL in Brighton
Activities include commercial finance, trade finance, with a particular expertise in financing cross border trading, commodity finance, financing Israeli related business, media finance, property finance and hotel finance
The Bank also specialises in UK and international private banking and wealth management, offering an extensive range of deposit accounts, investment services, executive residential mortgages, structured products, and foreign exchange and hedging facilities.
Bank Leumi (UK) is a subsidiary of the Leumi Group, one of Israel’s largest banking groups and a reputable global banking institution. The Group has total managed assets in excess of $311 billion and $7.4 billion in equities. Leumi operates over 250 branches across Israel, alongside offices in key financial centres worldwide. The Group offers a comprehensive range of specialised financial services.
Founded in 1991, Audley has since established itself as a pioneer in the provision of high quality retirement living. Audley owners buy their own house or apartment on a 125 year lease with access to the Audley Club and flexible care if needed.
Audley properties are in magnificent settings and the Audley Club provides country club style leisure facilities, including swimming pools, restaurants, beauty treatment rooms and fitness rooms and discreet on site domiciliary care on demand. Audley’s customers either choose to use the facilities on their doorstep or just enjoy their homes and independence. It is the range of services and care at each village which differentiates Audley from other retirement housebuilders.
The first Audley village was built fifteen years ago in Kent and today Audley owns a portfolio of twelve and manages two more across the country. In total, more than 2,000 new units will be complete within the next five years with turnover forecast to reach £100m in 2016, having grown more than tenfold between 2009 and 2015, from £4.2m to £42.9m