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Bank Leumi (Hebrew: בנק לאומי, lit. National Bank; Arabic: بنك لئومي) is an Israeli bank.It was founded on February 27, 1902, in Jaffa as the Anglo Palestine Company as subsidiary of the Jewish Colonial Trust (Jüdische Kolonialbank) Limited [3]: p.19 formed before in London by members of the Zionist movement to promote the industry, construction, agriculture, and ...
Israel's Bank Leumi expects to complete the 2.5 billion shekel ($685 million) sale of its credit card unit Leumi Card to Warburg Pincus by the end of the year, bank executives said on Sunday.
In addition, the bank holds a 50% stake in Bank Yahav. In 2022, it merged with the activity of Agudath Bank, acquiring 100% of the bank's shares. Fourth oldest bank in Israel is Discount Bank, founded in 1935 as "Bank Leumi Leisrael" by the Cruso, Elbow, and Recanati families.
Bank Est. Remarks Arab Israel Bank: 1961: Arab Israel Bank was wholly owned by Bank Leumi and was merged into Leumi in 2016 Mercantile Discount Bank: 1971: Mercantile Discount Bank is a subsidiary of Israel Discount Bank: Bank of Jerusalem: 1963: Bank Otsar Ha-Hayal: 1946: Bank Otsar Ha-Hayal is a brand of First International Bank: Union Bank ...
Rakefet Russak-Aminoach (Hebrew: רקפת רוסק עמינח; born February 1, 1966) [2] is an Israeli business executive who was the President and CEO of Bank Leumi le-Israel B.M. [3] since May 1, 2012, to October 2019.
In 2003, when Psagot was still owned by Bank Leumi, the Israel Securities Authority launched an investigation into the firm's dealings for suspected violations of the Regulation of Investment Advice and Investment Portfolio Management Law (1995). The investigation went on for a year and culminated in a raid of Psagot's offices and the taking in ...
In 1971, Bank Leumi acquired Arab Israel Bank (established 1960), which serves mainly the Arab citizens of Israel in the north of the country. [1] Ai Bank has 35 branches located in Israel's northern and Triangle regions. The bank is primarily focused on retail banking and has around 470 employees. [3]
Today Eliahu owns a large stake in Bank Leumi and 23% of the Union Bank of Israel. According to Forbes, in 2011 he was ranked as Israel's 12th richest person with a net worth of $1.1 billion (USD). [4] He is divorced with four children. [4]