The supervisor of banks in the Bank of Israel Hedva Bar said in an interview to the Second channel ITV that the Central Bank will support the external verification on the loans granted by commercial banks to the businessman Eliezer Fishman.
The Bar stressed that most of the loans extended by banks in other market conditions, and in recent years Fishman to such loans not be able.
According to the inspector of banks, she met with CEO’s of all banks that are creditors of the Fishman, and urged them to reject proposed debt restructuring plan.
We will remind that in the end, the meeting of creditors rejected the proposed restructuring billions of dollars of debt and demanded to continue the bankruptcy proceedings.
The debts of the Fishman distributed among 10 lenders, including banks «Hapoalim» and «Leumi», which the businessman owed 3.5 billion shekels. Among other creditors – the state of Israel in the face of Tax administration, the Bank «Diskont», «Mercantile», «Ihud», «Mizrahi», «Beinleumi», «national Britannia», as well as the pension Fund excellence and investment funds «Keren Manor 1алеф» and «Hermetic Nemanot».
Out of 4.5 billion shekels personal debts of Fishman amount to 3.4 billion shekels, while the value of the pledged assets is estimated at 1.7 billion shekels. It should be noted that part of that amount of pledged shares of a «grandchild» and «pravnuchataya» companies, the real value of which at the moment is difficult to assess.
Under the proposed restructuring plan, the creditors had to write off 92% of the debts of the Fishman. The repayment of the remaining debt was to be implemented in two stages. In the first stage, Fishman had to pay 140 million shekels 9 creditors and separately 15 million shekels to the tax Department. In the second stage, after 5 years, Fishman was asked to pay another 260 million NIS (the amounts are based on the assessment of income, «Fishman Resalat» and «A. T. Ohsako Kirur».