Bank Hapoalim B.M., together with its subsidiaries, provides various banking and financial products and services in Israel and internationally. It operates through Corporate Banking, Retail Banking, and Financial Markets and International Banking divisions. The company offers account-management services, credit for various purposes, deposits, and savings plans, and capital-market service; securities, and currencies and derivatives trading services; securities custody services; research, consulting, and advisory services; pension advisory and retirement planning services; and housing loans. It also provides credit for routine operations and investment financing, guarantees, letters of credit, foreign trade, and transactions in financial and derivative instruments, as well as investment services in various channels, such as foreign currency, shekels, securities, etc. In addition, the company offers financing for infrastructure projects, foreign trade and international trade financing, and project financing services; foreign trade transactions and transactions in financial derivatives; financing of working capital; syndication; credit-risk sales; financing of construction projects; dealing-room services; federal deposit insurance; and credit cards services. Further, it provides clearing of payment, asset management, investment portfolio management, investment banking, underwriting, and issuance management services. The company serves households, private-banking customers, foreign residents, small businesses, financial-asset managers, middle-market business clients, and large corporations through 175 branches, 601 external and 131 internal automatic teller machines, 126 external and 216 internal check-deposit machines, 30 information stations, 316 self-service stations, and 119 night safes. Bank Hapoalim B.M. was founded in 1921 and is based in Tel Aviv, Israel.
The bank was established in 1921 by the Histadrut, the Israeli trade union congress and the Zionist Organisation.
The bank was owned by the Histadrut until 1983, when it was nationalized following the Bank Stock Crisis. The bank was held by the Israeli government until 1996 when it was sold to a group of investors led by Ted Arison.
The bank has a significant presence in global financial markets. In Israel, it has over 600 ATMs , 250 bank branches, 7 regional business centers, 22 business branches and industry desks for major corporate customers. The bank's stock is traded on the Tel Aviv Stock Exchange.
At the end of 2015, the bank had 11,930 employees worldwide. It is controlled by Arison Holdings, owned by Shari Arison. Arison Holdings owns a total of 15.74 per cent of the bank.
In January 2014, Danske Bank and the Dutch pension fund PGGM blacklisted Bank Hapoalim for its involvement in the financing of settlements in the Palestinian territories.
Bank Hapoalim's mission is to create financial security and promote economic growth by supporting both our customers and communities. We are committed to making sure that our customers have access to quality financial services, resources, and education that will support their long-term financial health.
Bank Hapoalim seeks to be the leader in financial services by providing world-class products and services that deliver exceptional value to our customers. We strive to foster strong relationships with our customers and build long-term loyalty by supporting their financial needs and objectives.
Ms. Dalit Tova Raviv (Head of Retail Banking & Member of Management Board)
Mr. Barry Elram (Chief Exec. Officer of Hapoalim Switzerland)
Mr. Ram Gev (Sr. Deputy MD. CFO & Member of Management Board)
Ms. Yael Almog (Chief Legal Advisor & Member of the Board of Management)
Mr. Zeev Hayo CPA, CPA (Head of Banking Services Division & Member of the Board of Management)
Dr. Amir Bachar (Chief Internal Auditor, Head of Internal Audit in Israel and Abroad & Member of the Board of Mgmt.)
Mr. Amit Oberkovich (Head of HR & Member of the Management Board)
Recognition and Awards
Bank Hapoalim’s awards and recognitions include listing on the London Stock Exchange, being named the Bank of the Year in Israel from Global Finance, the ‘Best Bank’ award from the Israel Banking Association, and consistently ranking as one of the most admired banking brands in Israel.