IFC and EBRD completed the investment in Bank of Palestine.

International Finance Corporation, an international financial institution that offers investment, advisory, and asset-management services, and The European Bank for Reconstruction and Development, a financial institution, completed the investment in Bank of Palestine, a Palestinian multinational banking organization. Financial terms were not disclosed. “We are fully committed to supporting the Palestinian economy. Our aim with this investment is to help Bank of Palestine maintain its position as the leading local institution, leaving it well placed to capture any future growth stemming from reconstruction efforts. Bank of Palestine is not only systemically important to the Palestinian banking sector, but a key pillar of the local economy," Francis Malige, EBRD Managing Director for Financial Institutions.