Bank Hapoalim B.M. history, company profile (overview) and history video
Bank Hapoalim B.M. (lit. The Workers’ Bank) is a banking and financial services company headquartered in Tel Aviv, Israel.
Bank Hapoalim was founded in 1921 by the central institutions of the Jewish Settlement (the Yishuv) at the time, the Zionist Histadrut and the Histadrut General Federation of Hebrew Workers in Eretz Yisrael.
OPERATIONS
The bank group operates through three main units: the Corporate Banking Division, the Retail Banking Division, and the Financial Markets and International Banking Division.
Corporate Banking Division
The Corporate Banking Division serves the bank’s business customers.
Retail Banking Division
The Retail Banking Division serves private customers and small and mid-sized business clients. Its services involve current account management, credit, savings, foreign currency, capital-market activity, and more.
Financial Markets and International Banking Division
The Financial Markets and International Banking Division oversees the group’s operations in most areas of the capital market, in Israel and overseas. The operations include securities trading services (brokerage), securities custody, trading services in currencies and derivatives, research and consulting, services for financial asset managers, investment portfolio management, investment banking, underwriting, issuance management, and more.
The international activity of the bank group includes the New York branch and representative offices, Hapoalim Switzerland, and Bank Pozitif in Turkey.
SUBSIDIARIES
Financial Services
- Poalim Equity
- Peilim Investment Portfolio Management Ltd.
Banks Overseas
- Hapoalim Switzerland Ltd.
- Bank Pozitif (Turkey)
With more than 8,500 employees, Bank Hapoalim B.M. is considered one of Israel’s largest banks. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.bankhapoalim.com/en.
**Video published on YouTube by “Companies History“.
