Israeli banks returning assets of Holocaust victims

Israeli banks have begun returning funds to the Holocaust Victims Assets Restitution Company, which in turn will begin transferring to thousands of Holocaust survivors or their descendants the money held by banks Hapoalim and Discount, and part of the assets held by Bank Leumi.  In the first stage, a total of NIS 25 million (US$ 6.8 million) will be transferred, but in the coming months, the company said was expecting to return over NIS 400 million (US$ 108 million).