Bank Mizrahi-Tefahot Expands Credit To Israeli Diamond Firms

In a meeting held between the management of Bank Mizrahi-Tefahot led by Eldad Fresher, CEO, and CTO, Ophir Morad, and leaders of the Israeli diamond industry headed by Israel Diamond Exchange President, Shmuel Schnitzer, President of the Israel Diamond manufacturers Association, Kobi Korn and IDI Chairman Moti Ganz, Fresher announced that an expansion of credit to the Israeli diamond industry.

“The Israeli diamond industry stands behind its commitments and comply with them and we appreciate it and act accordingly. Credit extension to the diamond sector constitutes a vote of confidence on the part of the bank in the industry," Mr Fresher told the leaders of the Israeli diamond business, according to the IDE website.

IDE President Shmuel Schnitzer thanked Mr Fresher and said: "The banks provide the fuel driving the diamond industry and we here, the Israeli diamond industry, appreciate the vote of confidence on the part of the bank towards the industry that allows us to continue to grow as evidenced by the growth in exports."