Bank Jerusalem Completes Securitization Deal Worth Over Half a Billion Shekels
The bank has initiated a private securitization deal backed by its mortgage portfolio, which received a high international rating. These strategic moves have brought the bank's managed mortgage portfolio to approximately 18 billion shekels.
Bank Jerusalem has completed another step in diversifying its funding sources by initiating a new private securitization deal. As part of the transaction, bonds backed by bank mortgages were issued in the amount of approximately 530 million shekels. The issue received an international rating of AA- from S&P, reflecting the high quality of the bank's mortgage portfolio. The deal was executed with leading financial and institutional entities in the Israeli economy.
This marks the second securitization deal initiated by Bank Jerusalem this year, following the completion of a 680 million shekel transaction in February 2026. Both operations are part of a broad strategic plan designed to expand the bank's funding sources and streamline capital management.
In recent years, Bank Jerusalem has expanded its mortgage activities, including through the sale of mortgage portfolios to institutional entities and syndication deals. Since 2018, the bank has sold over 7.5 billion shekels in credit assets to institutional entities. Today, the bank's managed mortgage portfolio stands at approximately 18 billion shekels following this latest deal.
The transaction was led by Oded Kravitz, Director of the Financial Innovation Department, with professional support from Yaakov Alashvili (Y.K.A Finance) and legal guidance from Sarit Vaishtoch, Director of the Bank's Legal Advisory Division.
Moshe Omer, Director of the Strategy Division at Bank Jerusalem, stated:
"The current deal establishes Bank Jerusalem's status as a pioneer in the field of bank mortgage portfolio securitization in Israel, and is carried out as part of our strategy to optimize and manage the bank's capital resources."
"The deal, executed with leading financial entities in the Israeli capital market," added Moshe Omer, "is an expression of great confidence in the bank and the quality of our mortgage portfolios, and in our ability to develop high-quality credit assets even in a challenging economic environment. We view securitization as a significant engine that will allow us to continue and expand the overall activity of Bank Jerusalem, while maintaining high financial robustness."
