A new bank having its main aim “the encouragement of commercial exchanges between Italy and Israel, and the promotion of Italian investments and industrial initiatives in Israel,” was opened today in this city, Italy’s most important commercial and industrial center.
The bank, named Italo-Israel Bank, announced it is starting with initial capitalization of 300,000,000 Italian lire, two-thirds of which was invested by Italians, the remainder by Israelis. Prominent Italian and Israeli financial personalities are on the board of directors, with Dr. Carlo Shapira, a leading textile manufacturer here, as chairman.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
