Mizrahi-Tefahot

Mizrahi Tefahot Bank Ltd. (also called "Mizrahi Tefahot") is a public company limited by shares founded on June 6, 1923, under the rules of the State of Israel. Mizrahi Tefahot shares were first traded on the Tel-Aviv Stock Exchange in 1963.

Based on the value of its assets, Mizrahi Tefahot is Israel's third-largest bank. It offers a full range of personal, business, and foreign banking services. As of December 31, 2022, its total assets were worth USD 121.7 billion. For the year that finished on December 31, 2022, Mizrahi Tefahot had an operating profit before taxes of USD 1978.69 million, a net profit of USD 1270.8 million, and a return on equity of 20.1%.

The Ofer and Wertheim groups, which run Mizrahi Tefahot, own about 41.58% of the company's shares. The rest of the shares are owned by people who bought them on the Tel-Aviv Stock Exchange. Mizrahi Tefahot Group will have 204 branches and business centers in Israel as of December 31, 2022. This includes 53 branches of its partner, Bank Yahav for Government Employees Ltd, and two branches in London and Los Angeles.

On July 26, 2022, S&P GLOBAL RATINGS MAALOT LTD (hereafter "Ma'alot") approved the bank's issuer rating of ilAAA with a stable rating outlook. Maalot gives the contingent subordinated notes with contractual loss absorption provisions (CoCo) of the bank a rating of ilAA-. According to Basel III rules, these notes qualify as Tier II equity and have a rating of ilAA-.

You can do banking differently at Mizrahi Tefahot. They consider you one of the most important clients, so you can expect exceptional service and care that fits your needs and wants. They pay attention, help quickly, show interest and understanding, take the lead, and are transparent. Mizrahi-Tefahot provides many banking services, including:

• Special accounts for young people, troops, students, employees, self-employed people, and retirees
• Private banking
• Investing in money, savings accounts, provident funds, and mutual funds
• Loans are easy to get for a variety of reasons
• Foreign currency industries with high-tech goods and services
• A wide range of advanced capital market activity
• Business banking
• Mortgage plans that are made to fit each borrower
• Expertise in real estate

Founded: 1923

Headquarters: Ramat Gan, Israel

Website: https://www.mizrahi-tefahot.co.il/