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Bank Leumi gives up to Holocaust victims

After the Holocaust restitution lobbying groups called to a halt of Leumi privatization until the issue of dormant accounts is settled, Bank Leumi agreed to pay $4 million to heirs of the Jews who held deposits in Leumi before WWII and perished in Holocaust. Bank Leumi allegedly holds about $120 million in pre-Holocaust accounts. Other Israeli banks also hold considerable sums belonging to Holocaust victims. Banks of other Western countries settled the claims of the Holocaust restitution organizations while Israeli bank staunchily refuse such requests.

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