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Israeli company plans major expansion of Safe Deposit Box business by acquiring bank vaults

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As Banks Close Branches, Deposit Boxes Emerge as Separate Business

Ruthenium has bought three bank branch vaults and is in talks to buy another three

The rise of online banking business and the declining use of cash has caused Israeli banks to shutter branches, especially in the central cities. But many Israelis still keep a lot of cash not to mention…

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