Bank Mizrahi-Tefahot: Difference between revisions
I think this is undue; most nationwide companies in Israel will operate in the settlements Tag: Reverted |
Iskandar323 (talk | contribs) |
||
| Line 45: | Line 45: | ||
In November 2017, Mizrahi Tehafot Bank agreed to buy [[Union Bank of Israel]] for U$400 million, thereby consolidating its position as the third largest Israeli bank. |
In November 2017, Mizrahi Tehafot Bank agreed to buy [[Union Bank of Israel]] for U$400 million, thereby consolidating its position as the third largest Israeli bank. |
||
==Criticism== |
|||
===Involvement in Israeli settlements=== |
|||
| ⚫ | |||
On 12 February 2020, the [[United Nations]] published a [[List of companies operating in West Bank settlements|database]] of companies doing business related in the [[West Bank]], including [[East Jerusalem]], as well as in the occupied [[Golan Heights]].<ref>{{cite web|url=https://reliefweb.int/report/occupied-palestinian-territory/database-all-business-enterprises-involved-certain-activities|title=Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71)|date=12 Feb 2020|publisher=UN OCHA|access-date=2021-09-12}}</ref> Bank Mizrahi-Tefahot was listed on the database on account of its activities in [[Israeli settlement|Israeli settlements]] in these occupied territories,<ref name=unlist_ohchr>{{cite news |date=12 February 2020 | title=UN rights office issues report on business activities related to settlements in the Occupied Palestinian Territory | url=https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=25542 |work=[[Office of the United Nations High Commissioner for Human Rights]] | access-date=5 July 2021}}</ref> which are considered [[International_law_and_Israeli_settlements|illegal under international law]].<ref name=unsc2334>{{cite news |date=23 December 2016 | title=S/RES/2334(2016) | url=https://undocs.org/S/RES/2334(2016) |work=[[United Nations Security Council]] | access-date=5 July 2021}}</ref> |
|||
==See also== |
==See also== |
||
{{Portal|Banks}} |
{{Portal|Banks}} |
||
*[[Banking in Israel]] |
*[[Banking in Israel]] |
||
| ⚫ | |||
==References== |
==References== |
||
Revision as of 21:16, 12 September 2021
 | |
 Bank Mizrahi historical head office in Rothschild Boulevard, Tel Aviv | |
Native name | בנק מזרחי טפחות |
|---|---|
| Formerly | Bank Mizrahi |
| Company type | Public |
| TASE: MZTF | |
| Industry | Banking |
| Founded | 1923 |
| Founder | Mizrachi movement |
| Headquarters | , |
Area served | Israel |
Key people | Eli Yonas (CEO) Yaakov Peri (Chairman) |
| Services | Financial services |
| Revenue |  ₪4.78 billion (2012)
₪4.61 billion (2011) |
| ₪1.07 billion (2012)
₪1.05 billion (2011) | |
Number of employees | 3,827 (2007) |
| Website | www.mizrahi-tefahot.co.il |
| Footnotes / references [1] | |
Bank Mizrahi-Tefahot (Hebrew: בנק מזרחי טפחות) is the third-largest[2] bank in Israel. It has around 140 branches. The bank is the largest among Israel's mortgage lenders.[1]
History
Bank Mizrahi-Tefahot was formed by a merger of Bank Mizrahi HaMeuhad and Bank Tefahot in 2004.
Bank Mizrahi was established in 1923 by the Mizrachi movement and later merged with Bank Hapoel HaMizrachi to form Bank Mizrahi HaMeuhad (United Mizrachi Bank).
In November 2017, Mizrahi Tehafot Bank agreed to buy Union Bank of Israel for U$400 million, thereby consolidating its position as the third largest Israeli bank.
Criticism
Involvement in Israeli settlements
On 12 February 2020, the United Nations published a database of companies doing business related in the West Bank, including East Jerusalem, as well as in the occupied Golan Heights.[3] Bank Mizrahi-Tefahot was listed on the database on account of its activities in Israeli settlements in these occupied territories,[4] which are considered illegal under international law.[5]
See also
References
- ^ a b "Israeli Mizrahi Tefahot Bank's Fourth-Quarter Net Profit Falls". Fox Business. Dow Jones Newswires. 18 March 2013. Retrieved 26 March 2013.
- ^ Overview Bank Mizrahi-Tefahot
- ^ "Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71)". UN OCHA. 12 Feb 2020. Retrieved 2021-09-12.
- ^ "UN rights office issues report on business activities related to settlements in the Occupied Palestinian Territory". Office of the United Nations High Commissioner for Human Rights. 12 February 2020. Retrieved 5 July 2021.
- ^ "S/RES/2334(2016)". United Nations Security Council. 23 December 2016. Retrieved 5 July 2021.
External links
| International | |
|---|---|
| National | |
