Bank Leumi
The largest commercial bank in Israel by some measures, founded in 1902 as the Anglo-Palestine Company by Theodor Herzl and the Zionist Organization. Anchors the Israeli banking oligopoly with Bank Hapoalim. Runs the largest international footprint of any Israeli bank.
Bank Leumi is one of the two largest commercial banks in Israel and one of the country's two oldest financial institutions, founded in 1902 by Theodor Herzl and the Zionist Organization as the Anglo-Palestine Company. It became Bank Leumi le-Israel after the establishment of the State of Israel in 1948.
Leumi anchors the upper tier of the Israeli banking oligopoly together with Bank Hapoalim. The two control the majority of retail deposits, business lending, and institutional custody in Israel. Leumi runs the largest international footprint of any Israeli bank through Leumi USA (New York and California), and it operates one of the country's most active private banking desks for high-net-worth aliyah clients.
The bank is dual-listed on the Tel Aviv Stock Exchange and traded as an ADR. It is a primary recipient bank for the institutional pension and provident-fund capital that anchors TASE corporate issuance, including the dollar-denominated bond market.
Related Olam Coverage
- Bank Leumi: Israel's Second-Largest Bank, Founded 1902
- The Israeli Banking Layer: Bank Leumi, Mizrahi-Tefahot, Discount Private Banking
- The Banking Stack: Pictet, Lombard Odier, J. Safra, Rothschild, Bank Leumi, Mizrahi
See also: Bank Hapoalim · Mizrahi Tefahot Bank · Israel Discount Bank · TASE · ADR · Concentration Group / Oligopoly