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Bank Hapoalim Chairman Dies at 58

August 9, 1992

JERUSALEM (AP) _ Eitan Berglas, chairman of one of Israel’s largest banks and a former economics adviser to Israeli governments, has died. He was 58.

Israeli media said Berglas died Saturday at a Jerusalem hospital after a lengthy illness. Further details were not available.

The Israeli-born Berglas held a doctorate in economics from the University of Chicago.

He was named to the board of Bank Hapoalim board in 1985. Berglas helped bail out key Israeli industries threatened by bankruptcy, such as the conglomerate Koor and the Solel Boneh construction firm.

Berglas was also part of a team of advisers that drew up a price freeze plan that slashed an annual inflation rate of nearly 400 percent down to a two-digit figure within a year, beginning in 1985.

He was among the founders of the economics department at Tel Aviv University and was once the university’s dean of social sciences.

Berglas is survived by a son and a daughter.

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