UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC File Number 2-16830
CUSIP Number __________
(CHECK ONE)
[_] Form 10-K [_] Form 10-Q [_] Form 11-K
[X] Form 20-F [_] Form 10-D [_] Form N-SAR
[_] Form N-CSR
For period ended: DECEMBER 31, 2005
[_] Transition Report on Form 10-K
[_] Transition Report on Form 20-F
[_] Transition Report on Form 11-K
[_] Transition Report on Form 10-Q
[_] Transition Report on Form N-SAR
For the Transition period ended: ____________________________________
NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS
VERIFIED ANY INFORMATION CONTAINED HEREIN.
If the notification relates to a portion of the filing checked above, identify
the item(s) to which the notification relates: -- _____________________________
_______________________________________________________________________________
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PART I
REGISTRANT INFORMATION
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Full Name of Registrant: Industrial Development Bank
of Israel Limited
Former Name if Applicable:
Address of Principal Executive
Office (STREET AND NUMBER): 82 Menachem Begin Road
City, State and Zip Code: Tel Aviv, Israel 67138
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PART II
RULES 12B-25(B) AND (C)
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If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check Box if appropriate)
[X] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, Form 11-K or Form N-SAR, Form N-CSR, or portion
thereof, will be filed on or before the fifteenth calendar day following
the prescribed due date; or the subject quarterly report or transition
report on Form 10-Q or subject distribution report on Form 10-D, or portion
thereof, will be filed on or before the fifth calendar day following the
prescribed due date; and
[_] (c) the accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
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PART III
NARRATIVE
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State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be
filed within the prescribed time period.
As previously disclosed in Registrant's Annual Report on Form 20-F for
fiscal year ended December 31, 2003, Registrant adopted a run-off plan in
2003, which involves, among other things, the curtailment of Registrant's
banking operations and significant reduction in manpower. As a result, the
financial statements for the year ended December 31, 2005 (including the
required GAAP reconciliations) and related disclosures could not be
completed by the due date of June 30, 2006 without unreasonable effort and
expense.
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PART IV
OTHER INFORMATION
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(1) Name and telephone number of person to contact in regard to this
notification.
Michael Warzager 011 972 3 627 2700
---------------- --------- --------
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of
1940 during the preceding 12 months (or for such shorter period that the
registrants were required to file such report(s)) been filed? If the answer is
no, identify report(s).
[X] Yes [_] No
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
[X] Yes [_] No
If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results can not be made.
Please see attached Appendix A.
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INDUSTRIAL DEVELOPMENT BANK OF ISRAEL LIMITED
---------------------------------------------
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: June 29, 2006
By: /s/ Michael Warzager
------------------------
Michael Warzager
Legal Advisor
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APPENDIX A
Registrant's net loss for 2005, calculated in accordance with Israeli GAAP,
was NIS 8.4 million, compared to a net gain of NIS 1.4 million for 2004.
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