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Merger will make Mizrahi Tefahot Israel's 3rd biggest bank

The merger with Union Bank will consolidate Mizrahi Tefahot's position as larger than Israel Discount Bank. The merger of Union Bank of Israel (TASE: UNON) into Mizrahi Tefahot Bank (TASE:MZTF) is likely to consolidate Mizrahi Tefahot Bank's status as Israel's third largest bank. In one parameter, however, the merger is…

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