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Newsletter Feb 2004: Israeli Basel II cost estimates

Staff | February 15, 2007

TEL AVIV - The cost of implementing the Basel II upgrade of international rules for bank safety for a large Israeli bank such as Bank Hapoalim or Bank Leumi is likely to be 3-5 million shekels ($682,000 to $1.1 million or €555,600 to €926,000), according to Michael Adam, senior solutions consultant at German business software provider SAP.

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