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15-465: The CEO of Bank Mizrahi-Tefahot since September 2020 is Moshe Larry, who replaced Eldad Persher, the bank's CEO since 2014. During Larry's time, Bank Mizrahi purchased all the shares of Union Bank of Israel , which became their subsidiary. The Mizrahi Bank was founded by the World Mizrahi Movement in 1923, with the aim of providing financial assistance and serving as a financial instrument for

30-454: A merger with Feuchtwanger Bank was proposed, but negotiations failed, and the merger did not proceed. In 1961, Bank Leumi purchased the remaining shares, gaining full ownership of Bank Igud. In 2014, Bank Igud held a market share of about 3% of the banking system in Israel, focusing on commercial activity for high-income earners. A unique sector the bank operated in was the diamond sector. When

45-406: A publicly traded company and became a subsidiary of Bank Mizrahi-Tefahot. Mizrahi appointed 4 directors to the bank's board, and also appointed Moshe Levi as chairman of the board in place of Zeev Aviel. By November 15, 2022, all Igud Bank customers were transferred to Mizrahi-Tefahot. On 31 December, 2022, the merger process was completed entirely, and "Igud" ceased to exist as an entity. Bank Igud

60-489: Is a brand of First International Bank , serving mainly the Jewish Orthodox community U-Bank 1934 U-Bank is a brand of First International Bank , specializes in private banking One Zero Digital Bank 2019 A digital-only bank with no branches Postal Bank [ edit ] Logo Bank Est. Remarks [REDACTED] Postal Bank (Bank Ha-Doar) 1951 Postal bank

75-3437: Is a part of the Israel Postal Company and supervised by the Ministry of Communications according to the postal service laws, like other postal services. Postal bank cannot provide any credit services, but maintains checking accounts with basic services. Foreign banks [ edit ] Logo Bank Branch opened in Israel BNP Paribas Israel 1996 Southeast Global Nà Ni Bank 2019 [REDACTED] Citibank Israel 1996/2000 [REDACTED] HSBC Israel 2001 [REDACTED] State Bank of India 2006 Barclays Bank 2011 UBS Israel Credit card companies [ edit ] Name Cal - Israel Credit Cards Leumi Card Isracard Europay (Eurocard) Israel Poalim Express Diners Club Israel See also [ edit ] Banking in Israel Economy of Israel v t e Banks in Israel Central bank Bank of Israel Major banks Bank Hapoalim Bank Leumi ( Arab Israel Bank ) Israel Discount Bank ( Mercantile Discount Bank ) Other banks Bank of Jerusalem Bank Mizrahi-Tefahot First International Bank of Israel ( Bank Massad Bank Otsar Ha-Hayal ) Union Bank of Israel See also: Banking in Israel v t e List of banks in Asia Sovereign states Afghanistan Armenia Azerbaijan Bahrain Bangladesh Bhutan Brunei Cambodia China Cyprus East Timor (Timor-Leste) Egypt Georgia India Indonesia Iran Iraq Israel Japan Jordan Kazakhstan North Korea South Korea Kuwait Kyrgyzstan Laos Lebanon Malaysia Maldives Mongolia Myanmar Nepal Oman Pakistan Philippines Qatar Russia Saudi Arabia Singapore Sri Lanka Syria Tajikistan Thailand Turkey Turkmenistan United Arab Emirates Uzbekistan Vietnam Yemen States with limited recognition Abkhazia Northern Cyprus Palestine South Ossetia Taiwan Dependencies and other territories British Indian Ocean Territory Christmas Island Cocos (Keeling) Islands Hong Kong Macau [REDACTED] Category [REDACTED] Asia portal Retrieved from " https://en.wikipedia.org/w/index.php?title=List_of_banks_in_Israel&oldid=1250911904 " Categories : Banks of Israel Lists of banks by country Lists of companies of Israel Lists of banks in Asia Hidden categories: Articles with short description Short description

90-558: Is a subsidiary of First International Bank (51%), jointly owned with Histadrut HaMorim (Israel's teachers Trade Union) Bank Yahav  [ he ] 1954 Bank Yahav for Government Employers is a subsidiary of Bank Mizrahi-Tefahot (50%), jointly owned with Israel's government employers trade union and State of Israel Dexia Israel Bank  [ he ] 1953 Acquired by Discount Bank; merged into Mercantile Bank brand. Poaley Agudat Israel Bank  [ he ] 1977 Poaley Agudat Israel Bank

105-534: The Diamond Exchange was established, diamond trading also took place in the building where the bank's offices were located in Tel Aviv, thus establishing a connection between this sector and the bank. The bank's market share in the diamond sector stood at about 22%, significantly higher than its relative share in the general banking market. As part of the merger process with Mizrahi Bank, the bank's credit portfolio in

120-586: The Mizrachi movement and later merged with Bank Hapoel HaMizrachi to form Bank Mizrahi HaMeuhad (United Mizrachi Bank). In November 2017, Mizrahi Tehafot Bank agreed to buy Union Bank of Israel for US$ 400 million, thereby consolidating its position as the third largest Israeli bank. On 12 February 2020, Bank Mizrahi-Tefahot was listed on a database of 112 companies compiled by the United Nations implicated in helping to further Israeli settlement activity in

135-516: The West Bank and Golan Heights , an activity considered illegal under international law . On 5 July 2021, Norway 's largest pension fund KLP said it would divest from Bank Mizrahi-Tefahot, alongside 15 other business entities implicated in the report, over the UN's fingering of what it asserted were "banking and financial operations helping to develop, expand or maintain settlements and their activities" in

150-904: The diamond sector was sold to the company "Peninsula". List of banks in Israel List of banks in Israel From Misplaced Pages, the 💕 The following is a list of banks in Israel : Central Bank [ edit ] Logo Bank Established Bank of Israel 1954 Major banks [ edit ] Logo Bank Established [REDACTED] Bank Hapoalim 1921 Bank Leumi 1902 [REDACTED] Bank Mizrahi-Tefahot 1923 [REDACTED] First International Bank of Israel 1972 [REDACTED] Israel Discount Bank 1935 Other banks [ edit ] Bank Est. Remarks Arab Israel Bank 1961 Arab Israel Bank

165-525: The enterprises of individuals and institutions belonging to the Mizrahi Organization. In addition, the bank was entrusted with the mission of serving as a national public bank for the entire Jewish community in the Yishuv . In 2004, in view of the transformations and changes that took place in the banking system, including the completion of the merger of several mortgage banks with their commercial banks,

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180-509: The idea of a merger within the Bank Mizrachi group became practical, and in June of that year, the board of directors of Bank Mizrachi decided to take action to merge Bank Tefahot with and into Bank Mizrachi. In 2005, United Bank Mizrahi and Tefahot Mortgage Bank merged, and since then the bank has been called "Mizrahi-Tefahot Bank Ltd." or "Mizrahi-Tefahot". Bank Mizrahi was established in 1923 by

195-434: The occupied territories. Union Bank of Israel The Union Bank of Israel, Ltd. ( Hebrew : בנק אגוד לישראל ); TASE :  UNON ), more widely known by its Hebrew name, Bank Igud , is the sixth largest Israeli bank, with thirty branches spread around the country. In September 2020, Bank Mizrahi-Tefahot acquired all the shares of Bank Igud, therefore legally as of October 1, 2020, Igud Bank ceased to exist as

210-644: Was founded in 1951 by the Economic Company for Israel from New York and the Palestine Association from London. This continued the banking operations of the Palestine Association, which had been active in the Land of Israel since 1922. In April 1954, Bank Leumi acquired most of the shares of the Palestine Association, resulting in Bank Igud becoming jointly owned by Bank Leumi and the Economic Company. In March 1958,

225-436: Was wholly owned by Bank Leumi and was merged into Leumi in 2016 Mercantile Discount Bank 1971 Mercantile Discount Bank is a subsidiary of Israel Discount Bank Bank of Jerusalem 1963 Bank Otsar Ha-Hayal 1946 Bank Otsar Ha-Hayal is a brand of First International Bank Union Bank (Bank Igud) 1951 Acquired by Bank Mizrahi-Tefahot. Bank Massad 1929 Bank Massad

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