The Histadrut has declared a work dispute at the Israel branch of Dexia Bank. The bank has only 41 employees, but plays a crucial role in the economy – managing the credit lines of most of Israel's large cities and towns, controlling nearly 40% of the municipal credit market. The dispute was declared over the world Dexia Bank organization's declared intention to sell the bank without discussing the move with employees, and without guaranteeing that they will retain their jobs under new ownership. Several Israeli banks, including Mizrahi Tefahot and the Bank of Jerusalem, have tendered offers for Dexia Bank.
Dexia Bank SA of Belgium owns about 65% of Dexia Israel, and has been under pressure by anti-Israel groups to divest itself of its Israeli holdings because it supplies credit to several communities in Judea and Samaria, including Alfei Menashe, Elkanah, Beit-El, Ariel, the Beit Aryeh Regional Council, the Jordan Valley Regional Council, Givat Zeev, Har Hevron, Kedumim, and Beit Aryeh. Dexia Israel has been funding local authorities since 2001, when it bought out Otzar Hashilton Hamekomi as part of the government's divestiture.
Dexia Bank SA of Belgium owns about 65% of Dexia Israel, and has been under pressure by anti-Israel groups to divest itself of its Israeli holdings because it supplies credit to several communities in Judea and Samaria, including Alfei Menashe, Elkanah, Beit-El, Ariel, the Beit Aryeh Regional Council, the Jordan Valley Regional Council, Givat Zeev, Har Hevron, Kedumim, and Beit Aryeh. Dexia Israel has been funding local authorities since 2001, when it bought out Otzar Hashilton Hamekomi as part of the government's divestiture.