Industrial Development Bank of Israel Ltd.

Industrial Development Bank of Israel Limited, a commercial bank in Israel, adopted a run-off plan, which ended on July 31,2008. The company focuses on the collection of the existing credit. Previously, its activities included foreign currency and foreign trade activity; operation of a foreign exchange dealing room; operation of current accounts and securities accounts; execution of Government grants through the Approved Enterprise status system; operation of independent teller and clearing facilities; issuance of credit cards and guarantees; acceptance of deposits; maintenance of checking accounts; issuance of letters of credit and other documents relating to foreign trade; and lending short, medium, and long term loans. Industrial Development Bank of Israel was incorporated in 1957 and is based in Tel-Aviv, Israel.