Top 5 Largest Banks in Israel

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Despite the fact that Israel is a small country in terms of space and population, Tel Aviv, the country's main city, is a major financial center. In terms of ... read more...

  1. Top 1

    Bank Leumi

    Bank Leumi is a banking institution in Israel. On February 27, 1902, the Anglo Palestine Company was established in Jaffa as a subsidiary of the Jewish Colonial Trust (Jüdische Kolonialbank) Limited, which had been established in London by members of the Zionist movement to promote the industry, construction, agriculture, and infrastructure of the land that would eventually become Israel. Bank Leumi is now Israel's largest bank (in terms of total assets) and has branches in Luxembourg, the United States, Switzerland, the United Kingdom, Mexico, Uruguay, Romania, Jersey, and China.


    The Leumi Group has 268 locations around the country, as well as branches and offices in major financial centers across the world. Leumi offers a wide range of high-quality banking services to all types of customers, from households to small and middle-market businesses to huge organizations. These services are delivered through distinct business lines, each of which specializes in delivering banking and financial services to a certain group of clients with comparable characteristics and demands. This specialization enables us to provide our customers with high-quality professional service and a diverse choice of products that are suited to their specific requirements.


    Bank Leumi seeks to create a dynamic business environment that blends the Bank's core values with cutting-edge technical goods - an environment in which clients may discover the best, most appropriate solutions for their financial needs. As a financial institution with significant impact on Israel's business and public culture, it sees community service as a social pillar that it will continue to cultivate.


    Founded: 1902
    Headquarters: Tel Aviv, Israel
    Website: https://english.leumi.co.il/

    Screenshot of https://english.leumi.co.il/
    Screenshot of https://english.leumi.co.il/
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  2. Top 2

    Bank Hapoalim

    Bank Hapoalim, founded in 1921, is one of the largest banks in Israel. With a concentration on retail banking, the bank provides a wide range of financial services to retail, corporate, and institutional customers. Loans for mortgages, real estate, working capital, and lines of credit; asset-based loans; letters of credit; time deposits; loan sweep and zero balance accounts; foreign currency drafts; and credit and debit cards are among its products. Bank Hapoalim also offers cash management, foreign securities, trust, asset management, money transfers, treasury and foreign exchange, online banking, and trade financing, among other services. Bank Hapoalim is a major player in the Israeli banking industry, with a sizable market share.


    Bank Hapoalim is well-represented in global financial markets. It has nearly 600 ATMs (automated teller machines) across Israel, 7 regional business centers, 250 branches, 22 business branches, and industry desks for significant corporate customers. The stock of the bank is traded on the Tel Aviv Stock Exchange. The bank has several international subsidiaries, including Poalim Asset Management (UK) Limited in the City of London, and BHI Private Banking in the United States (New York City, California, and Miami), as well as BHI Private Banking in Switzerland, Zurich, Geneva, Luxembourg, South America, and the Cayman Islands.


    Bank Hapoalim's board of directors and management approved the implementation of a multi-year strategic plan for 2023-2026 in order to position the bank as a "leading" institution in Israel. The plan's three pillars are designed to reinforce the bank's core banking leadership, increase productivity, and encourage innovation.


    Founded: 1921
    Headquarters: Tel Aviv, Israel
    Website: https://www.bankhapoalim.com/

    Screenshot of https://www.bankhapoalim.com/
    Screenshot of https://www.bankhapoalim.com/
    Companies History
  3. Top 3

    Mizrahi - Tefahot

    Bank Mizrahi-Tefahot is Israel's third largest bank. It has approximately 140 branches. The bank is the largest mortgage lender in Israel. Mizrahi Tehafot Bank agreed to buy Union Bank of Israel for $400 million in November 2017, cementing its position as the third largest Israeli bank. Mizrahi Tefahot Bank Ltd. is a bank that provides banking and financial services. Private banking, checking accounts, savings, mortgages, credit cards, and loans are among its products and services.


    Mizrahi-Tefahot has substantial international operations through its subsidiary firms, branches, and representatives all over the world, including the United States, the United Kingdom, and other countries. The bank's overseas branches and offices provide a comprehensive range of high-quality products and services to both local people and Israelis looking to invest their money abroad.


    Many see Israel as a safe harbor amid an economic storm, despite volatile markets and an unpredictable geopolitical atmosphere. Mizrahi-Tefahot is widely recognized as Israel's most conservative bank, offering its clients the security and stability they require. Mizrahi-Tefahot Bank (UMTB) is one of Israel's largest and fastest growing banks. Mizrahi-Tefahot embodies all of the best benefits of the Israeli economy and banking system while adapting them to the demands of abroad citizens, providing steadfast, highly efficient professionalism across our whole service range.


    Founded: 1923
    Headquarters: Ramat Gan, Israel
    Website: https://www.mizrahi-tefahot.co.il/

    Screenshot of https://www.mizrahi-tefahot.co.il/
    Screenshot of https://www.mizrahi-tefahot.co.il/
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  4. Top 4

    Discount Bank

    Next one in the list of the largest banks in Israel is Discount Bank. Israel Discount Bank, Ltd. is a Tel Aviv-based retail bank, commercial bank, private bank, and financial services corporation with 112 branches throughout Israel. Discount Bank is a public business that trades under the symbol DSCT on the Tel Aviv Stock Exchange. Through physical branches, online banking, and mobile banking, it offers personal banking, business banking, and private banking products and services.


    Israel Discount Bank Ltd (Discount Bank) offers a variety of banking and other financial services to individuals and businesses. Its products and services include accounts and deposits such as savings, checking, student, and deposit accounts; personal loans such as vehicle, school, and mortgage loans; credit cards, and investment products. Portfolio management, wealth management, investment advisory, private banking, brokerage and trading, trustee services, and online banking are among the financial services provided by the bank. It also offers pension counseling, mortgage advising, currency exchange services, and capital market consultancy. The bank has branches, subsidiaries, and representative offices in Israel, North America, and Latin America.


    Discount Group is a diverse and stable financial conglomerate with large key assets in Israel and elsewhere. The Bank and the Group have a long and loyal client base, a large network of branches, personalized service, and competent and motivated workers. As a bank that began in the 1930s with the objective of providing banking services to immigrants from Saloniki who settled in Tel Aviv's center and south, it never loses sight of the community in which and for which it functions. As a result, Discount Bank is one of Israel's leading firms in terms of corporate, social, and environmental responsibility (according to Ma'aleh, Platina Plus Group).


    Founded: 1935
    Headquarters: Tel Aviv, Israel
    Website: https://www.discountbank.co.il/

    Screenshot of https://www.discountbank.co.il/
    Screenshot of https://www.discountbank.co.il/
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  5. The First International Bank of Israel is a bank based in Israel. Its primary commercial clients include huge corporate clients as well as end-market consumers. The First International Bank of Israel Ltd is a full-service financial institution. The bank offers general and premium banking services to large and mid-sized corporations, as well as to individuals and private businesses. The bank concentrates on retail and small enterprises, capital market activity, investment consulting, corporate, commercial, and private banking services, and offers its customers a comprehensive range of financial products and services.


    When then-Israeli Finance Minister Pinchas Sapir allowed the merging of numerous smaller banks into the former, the First International Bank of Israel was born. It is remarkable for being the only significant bank in Israel that was not involved in the early-1980s bank stock crisis, and hence the only prominent bank in the country that was not nationalized as a result of the crisis. For a long time, FIBI was the only Israeli bank that provided comprehensive paperwork in English.


    The bank fosters innovation by incorporating goods and technologies developed by startup firms, in addition to its present activities for in-house product and technology development by the bank's IT group. The First International Bank is a market leader in capital markets activities, including Israel and foreign stocks, financial derivatives, trading rooms, and a variety of investment products. It has a good reputation for professional investment advising services, thanks to the expertise of its investment consultants, who provide first-rate service at the Bank's branches, as well as innovative consulting technologies.


    Founded: 1972
    Headquarters: Tel Aviv, Israel
    Website: https://online.fibi.co.il/

    Screenshot of https://online.fibi.co.il/
    Screenshot of https://online.fibi.co.il/
    הבנק הבינלאומי FIBI BANK



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