YES Bank, Poalim Capital ink co-operation agreement

Private sector lender YES Bank and Poalim Capital Markets, a leading Israeli investment bank and a part of Bank Hapoalim B.M, today said they have entered into a co-operation agreement to advise Indian and Israeli firms on cross-border deals.

The alliance will help augmenting the investment flow in the Indo-Israeli corridor.

With this tie-up, YES Bank and Poalim Capital Markets will be able to leverage their combined expertise, strong local knowledge and excellent corporate relationships to open up mergers and acquisitions, joint ventures, equity raising, and merchant banking opportunities for their respective clients.

YES Bank's Managing Director and CEO Rana Kapoor said, "This alliance with Poalim Capital is another step forward in our commitment towards the Indian and Israeli business corridor. This privileged partnership will enable us to further enhance our investment banking services and facilitate overall development of both the nations through strategic interventions."

Poalim Capital Markets's CEO and President Amir Aviv said, "in our strategic plan for 2010, we marked India as an important geography to expand our investment banking capabilities, and after careful consideration of various alternatives we decided to join forces with Yes Bank."