Euro-Trade Bank CEO: Customers slightly worried, nothing out of control
Bank required to meet 25% capital adequacy ratio of 25%, compared to 9% at major banks
"Naturally, clients are a little stressed and there are a few questions, but nothing dramatic. Nothing is out of control," Euro-Trade Bank CEO Joseph Pinchasoff told TheMarker.
"Here and there," Pinchasoff says, "people ask for their deposits, but I am definitely satisfied with response until now. If today is indicative, there is no cause for worry."
Euro-trade Bank, controlled by U.S. investor Yitzhak Arguati, is required to meet a capital adequacy ratio of 25%, compared to the 9% at the major banks. The bank's shareholders equity is NIS 56 million, while customer deposits are NIS 280 million.
