Israel’s two largest lenders have each signed memorandums of understanding with National Bank of Bahrain to facilitate business dealings between the countries.
Bank Leumi Le-Israel and Bank Hapoalim Ltd. said on Sunday they reached cooperation agreements with the Bahraini bank. The accords will provide a banking platform for trade ties, currency and securities trading, as well as investment between the two countries.
Bahrain in September signed an agreement to establish normal relations with Israel.
Read: Israel Establishes Ties With UAE, Bahrain in Trump-Brokered Deal
(Updates with Bank Hapoalim agreement in second paragraph.)