Industrial Development Bank Of Israel Inactive
Filed: 19 Jun 08, 12:00am
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
FILING NO. 2 FOR THE MONTH OF JUNE 2008
INDUSTRIAL DEVELOPMENT BANK OF ISRAEL LIMITED
(Translation of Registrant's name in English)
82 MENAHEM BEGIN ROAD, TEL AVIV, ISRAEL
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
Form 20-F [X] Form 40-F [_]
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether the registrant by furnishing the information
contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes [_] No [X]
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-________
INDUSTRIAL DEVELOPMENT BANK OF ISRAEL LIMITED
At the meeting of the Board of Directors of the Industrial Development Bank of
Israel Limited ("Registrant") which was held on February 26, 2008, it was
resolved to approve and publish the Registrant's financial statements for the
year ended December 31, 2007.
The financial statements of the Registrant conform with the accounting
principles generally accepted in Israel, or Israeli GAAP, and with the
directives of the Israeli Supervisor of Banks. Such accounting policies relating
to issues of measurement and to financial statement presentation may differ
significantly from those required by the accounting principles generally
accepted in the United States, or US GAAP. A summary of the significant
differences between Israeli GAAP and US GAAP will be submitted by the Registrant
as part of the Registrant's (Form 20-F) Annual Report.
INDEX
INDUSTRIAL DEVELOPMENT BANK OF ISRAEL LTD.
FILED IN THIS FORM 6-K
Documents index:
1. 2007 Annual Financial Report of the Board of Directors of Industrial
Development Bank of Israel Ltd. approved and published February 26, 2008.
FORWARD-LOOKING STATEMENTS
This report on Form 6-K, including the 2007 annual financial report issued by
the Registrant's board of directors (a copy of which is included in this report
on Form 6-K as Exhibit 1), contains both historical and forward-looking
statements within the meaning of Section 27A of the U.S. Securities Act of 1933,
as amended (the "Securities Act") and Section 21E of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"). These forward-looking statements are
not historical facts, but only predictions, and generally can be identified by
the use of statements that include phrases such as "believe," "expect,"
"anticipate," "intend," "plan," "foresee" or other words or phrases of similar
import. Similarly, statements that describe our objectives, plans or goals also
are forward-looking statements. These forward-looking statements are based on
our current expectations and are subject to risks and uncertainties that could
cause actual results to differ materially from those currently anticipated. The
forward-looking statements included in this report on Form 6-K and the 2006
annual financial report are made only as of the date hereof and we undertake no
obligation to publicly update these forward-looking statements to reflect new
information, future events or otherwise.
Our actual results, performance and achievements could differ materially from
any future results, performance or achievements expressly predicted or implied
by these forward looking statements. The important factors which may cause
actual results to differ from the forward-looking statements contained herein
and in the 2005 annual financial report include, but are not limited to, the
following: general economic and business conditions; the implementation of the
government's resolution concerning the privatization of the Bank and the
implementation of the arrangement and compromise scheme between the Bank and its
shareholders regarding, among other things, the sale of the shares of the Bank,
about which the Board of Directors of the Bank resolved to file a motion for the
approval of the court; the continued availability of our line of credit from the
Bank of Israel; the government's and/or the Bank of Israel's resolutions
regarding our future operations; our ability to collect on existing loans;
operating costs for our remaining business activities; and the ability to retain
employees for our remaining business activities. Although we believe that the
assumptions underlying the forward-looking statements contained herein and in
the Immediate Report are reasonable, any of the assumptions could be inaccurate,
and therefore, there can be no assurance that the forward-looking statements
will prove to be accurate. In light of the significant uncertainties inherent in
the forward-looking statements included herein and in the 2006 annual financial
report, the inclusion of such information should not be regarded as a
representation by us or any other person that our objectives and expectations
will be achieved.
Potential investors and other readers are urged to consider these factors
carefully in evaluating the forward-looking statements and are cautioned not to
place undue reliance on these forward-looking statements. In light of these
risks, uncertainties and assumptions, the forward-looking events might or might
not occur. We cannot assure you that projected results or events will be
achieved.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
INDUSTRIAL DEVELOPMENT BANK
OF ISRAEL LIMITED
Date: June 19, 2008 By: /s/ Uri Galili
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Uri Galili
General Manager
By: /s/ Natan Atlas
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Natan Atlas
Corporate Secretary