Legal Proceedings Report • Oct 28, 2025
Legal Proceedings Report
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This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.
Registry number: 520000118
To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd.
Form T121 (Public)
Filed on Magna: 28/10/2025 Reference: 2025-01-080758
Explanation: Do not use this form when there is a dedicated form for the reported event.
This reporting form is intended for material disclosures that do not have a suitable dedicated form.
Results of an issuance should be reported via form T20 and not in this form.
Reporting bond or corporate ratings should be submitted with form T125.
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"A motion for approval of a class action was submitted against the bank regarding making loans immediately due and payable."
This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.
Bank Hapoalim Ltd. (the "bank") is honored to report that on 27.10.2025, a claim and a motion to recognize it as a class action was served to the bank, filed against the bank in the Tel Aviv District Court. The motion alleges, among other things, that as part of the process of collecting overdue loans, the bank presents before its customers and before the courts that it has made the loan immediately due and payable, while in its books, presented to regulators and the public, it does not do so. According to the petitioner, in such a situation, the bank would be entitled to collect default interest only on the overdue part of the loan, not on the full outstanding balance as in the case where the loan has indeed been made immediately due and payable. The motion seeks to include in the represented class customers from the last 20 years against whom the bank conducted collection proceedings on the full outstanding loan balance without the loan being made immediately due and payable in its books. The petitioner estimates the total group damage at NIS 3.6 billion.
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| The company is not a shell company as defined in the exchange regulations. | |
Date the corporation became aware of the event: 27/10/2025
Time: 13:50
Explanation: According to Regulation 5 of the Regulations on Periodic and Immediate Reports (1970), a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. Staff position on the matter can be found on the authority's website: Click here.
Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange
This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.
Short Name: Poalim
Address: 50 Rothschild Blvd., Tel Aviv 6688314
Tel: 03-5673800, Fax: 03-5674576 Email: [email protected]
Company website: http://www.bankhapoalim.co.il
Previous names of the reporting entity:
Position: Bank Secretary
Address: 63 Yehuda Halevi St., Tel Aviv – Jaffa 6578109 Tel: 03-5673800, Fax: 03-5674576 Email: [email protected]
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