About Bank Leumi
About Bank LeumiBank Leumi, whose name translates to "National Bank" in Hebrew, is one of Israel's oldest and largest banks. It was established on February 27, 1902, in Jaffa as the Anglo Palestine Company, a subsidiary of the Jewish Colonial Trust (Jüdische Kolonialbank) Limited. The Jewish Colonial Trust was formed in London by members of the Zionist movement to promote industrial, agricultural, and infrastructural development in what was hoped to become the future state of Israel. Bank Leumi has grown significantly since its inception. Although nationalized in 1981, it is now mainly in private hands. The Israeli government remains the largest single shareholder with 14.8% of the stock as of June 2006. Other major shareholders include Shlomo Eliyahu and Branea Invest, each holding 10% of the stock, forming the control core of the bank. The public holds 60% of the bank's stocks, which are traded on the Tel Aviv Stock Exchange. International PresenceBank Leumi operates not only in Israel but also in 21 other countries. It has overseas offices in Luxembourg, the United States, Switzerland, the United Kingdom, Mexico, Uruguay, Romania, Jersey, and China. This extensive international presence underscores its role as a significant player in the global banking industry. Services and ProductsBank Leumi offers a comprehensive range of financial services and products tailored to meet the needs of various customer segments. From personal banking services like savings and mortgage loans to more complex offerings such as corporate banking, private equity, and wealth management, Bank Leumi provides a broad spectrum of financial solutions. The bank is also involved in investment banking, offering services that include asset management and securities trading. Key LeadershipThe bank is led by CEO Hanan Friedman and Chairman Dr. Samer Haj-Yehia. Under their leadership, Bank Leumi continues to expand its services and maintain its position as a leading financial institution in Israel and internationally. In summary, Bank Leumi, with its rich history and extensive range of financial products and services, remains a cornerstone of the Israeli banking sector and a significant player on the international stage. |
Bank Leumi Key DetailsNative Name: בנק לאומי
Products:
Services: Financial services Financials (2016):
Number of Employees (2016): 12,528 Subsidiaries: Arab Israel Bank Website: www.leumi.co.il |