Israel's Bank Leumi eyes share offering of around $578 million

JERUSALEM, June 22 (Reuters): Leumi, one of Israel's two largest banks, said it was considering a share offering in Tel Aviv of around 2 billion shekels ($578 million) in the coming days to meet growing loan demand.

The bank said the offering was dependent on market conditions, while a source at the bank said its preliminary indications pointed to very strong demand from both Israeli and foreign investors.

"The bank is considering the offering on the backdrop of the significant growth of the bank over the recent quarters, and its desire to continue the growth, while focusing on mid-market, mortgages and credit for businesses," Leumi said in a regulatory filing in Tel Aviv.