Institutional parties from the Harel Insurance Group Ltd. signed an agreement to acquire ILS 1.50 billion loan portfolio from Dexia Israel Bank Ltd. (TASE:DXIL) for ILS 1.5 billion on June 28, 2017. The validity of the agreement is subject to pre-conditions, such as the Bank of Israel’s approval and the approvals of the Ministry of Interior and the Ministry of Finance. The approvals need to be achieved within 45 days from the signing of the agreement.