On a road show to London, Bank Leumi CEO Galia Maor revealed that the bank's exposure to Israeli hi-tech had totaled NIS 860 million in 2000. That sum comprises 0.6% of the bank's credit portfolio, which totaled NIS 142 billion,

Ma'ariv

reports.

Maor set out on a road show last week ahead of Leumi's privatization.

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Of the NIS 860 million, about NIS 150 million was invested in venture capital funds. As much of this sum was invested shortly before the hi-tech crash, the funds did not have the opportunity to place the capital.

Leumi's exposure to telecommunications companies totaled NIS 8.5 billion, or 6% of its credit portfolio.

Galia Maor told institutional investors in London that she believes Israeli hi-tech will continue to drive the economy upward and forward in 2001, as it did in 2000,

Ma'ariv

reports.