Bank Hapoalim B. M.

Bank Hapoalim, Tel Aviv, Israel

Bank Hapoalim B.M. was founded in 1921 by the central institutions of the Jewish pioneers: the Zionist Histadrut and the Histadrut General Federation of Hebrew Workers in Eretz Yisrael. The bank was incorporated as a limited company under the Companies Ordinance.

The bank is a banking corporation and holds a bank license under the directives of the Banking Licensing Law, 5741-1981. Since its establishment, Bank Hapoalim has developed a network of branches—including Bank Hapoalim, USA—and offers an extensive range of commercial banking and financial services to its customers.

In addition to its operations in Israel, the bank also has branches, representative offices, and subsidiaries abroad, as well as relationships with over 2,400 correspondent banks worldwide. The bank also has investments through equity-basis investees, primarily in the areas of insurance and real estate.

The bank’s activities are divided into two divisions: Corporate and Retail.

The Corporate Division provides services to most business customers. Activities with large corporate clients are conducted through specialized sectors operating within the Head Office, while middle-market clients are handled through eight Business Centers located throughout Israel.

The Retail Division provides a full range of banking services through 260 branches and business centers. It serves households, private banking clients, and small businesses, and also coordinates consumer credit and mortgage activities.

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