Bank Leumi
Israel's national bank is known as Bank Leumi (lit. National Bank; Arabic: On February 27, 1902, members of the Zionist movement in London established the Jewish Colonial Trust Limited (p. 19) as the Anglo Palestine Company in Jaffa to advance the development of industry, construction, agriculture, and infrastructure in the area that would later become Israel. Bank Leumi is the largest bank in Israel as of 2015 (in terms of total assets), having branches in the United States, Luxembourg, Switzerland, the United Kingdom, Mexico, Uruguay, Romania, Jersey, China, and the People's Republic of Jersey.
Bank Leumi was nationalized in 1981 but is now primarily owned by private investors; the government nevertheless holds the highest stake at 14.8% (as of June 2006). Two additional large shareholders, Shlomo Eliyahu and Branea Invest, each own 10% of the bank's equity and are essential to its management. The public owns 60% of the bank, and its shares are traded on the Tel Aviv Stock Exchange.
Bank Leumi is worth $11.58 billion as of April 2023. Based on its current market capitalization, Bank Leumi is the 1333rd most valuable company in the world. The most recent annual report shows that Bank Leumi's income is $5.00 billion. The company's revenue in 2021 was $4.80 billion, up from $3.81 billion in the previous year.
Founded: February 27, 1902
Headquarters: Tel Aviv, Israel
Website: www.leumi.co.il