Sept 14 (Reuters) - The two largest lenders in the United
Arab Emirates and Israel, Emirates NDB and Bank Hapoalim, signed
a memorandum of understanding (MoU) as the two countries move to
forge ties, a statement from Hapoalim said on Monday.
It is the first banking agreement between lenders in the two
countries since they agreed to normalise ties under a
U.S.-brokered accord.
"The MoU marks a historic first as the banks look to further
cooperation ties following the establishment of financial and
economic relations between the United Arab Emirates and Israel,"
the Bank Hapoalim statement said.
The UAE, along with Bahrain, is due to sign a normalisation
deal with Israel on Tuesday at a White House ceremony hosted by
U.S. President Donald Trump.
Israel and the two Gulf Arab nations have talked up the
economic opportunities that formal relations would bring and
several business cooperation agreements have already been
signed.
Hapoalim led an Israeli business delegation to the UAE last
week. Another Israeli bank, Bank Leumi, led a separate
delegation there on Monday.
(Reporting by Rami Ayyub, Editing by Stephen Farrell and Nick
Zieminski)