Bank Mizrahi-Tefahot: Difference between revisions
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In November 2017, Mizrahi Tehafot Bank agreed to buy [[Union Bank of Israel]] for US$400 million, thereby consolidating its position as the third largest Israeli bank.<ref>[https://www.reuters.com/article/mizrah-tefaht-bk-union-bk-israel/update-1-israels-mizrahi-tefahot-to-buy-union-bank-for-400-mln-idUKL8N1NY3Z9 Israel's Mizrahi-Tefahot to buy Union Bank for $400 mln]</ref> |
In November 2017, Mizrahi Tehafot Bank agreed to buy [[Union Bank of Israel]] for US$400 million, thereby consolidating its position as the third largest Israeli bank.<ref>[https://www.reuters.com/article/mizrah-tefaht-bk-union-bk-israel/update-1-israels-mizrahi-tefahot-to-buy-union-bank-for-400-mln-idUKL8N1NY3Z9 Israel's Mizrahi-Tefahot to buy Union Bank for $400 mln]</ref> |
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On 5 July 2021, [[Norway]]'s largest pension fund [[Kommunal Landspensjonskasse|KLP]] said it would divest from Bank Mizrahi-Tefahot together with 15 other business entities implicated in a 2020 UN report for their links to Israeli settlements in the occupied West Bank.<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><ref>{{cite web|url=https://www.reuters.com/world/middle-east/nordic-fund-klp-excludes-16-companies-over-links-israeli-settlements-west-bank-2021-07-05/|title=Nordic fund KLP excludes 16 companies over links to Israeli settlements in West Bank|first1=Gwladys|last1=Fouche|first2=Simon|last2=Jessop|date=5 July 2021|publisher=Reuters|access-date=2021-09-13}}</ref> |
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==See also== |
==See also== |
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{{Portal|Banks}} |
{{Portal|Banks}} |
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*[[Banking in Israel]] |
*[[Banking in Israel]] |
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*[[List of companies operating in West Bank settlements]] |
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==References== |
==References== |
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Revision as of 22:35, 14 September 2021
 | This article needs additional citations for verification. (September 2021) |
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 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 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[2] by the Mizrachi movement and later merged with Bank Hapoel HaMizrachi[3] to form Bank Mizrahi HaMeuhad (United Mizrachi Bank).
In November 2017, Mizrahi Tehafot Bank agreed to buy Union Bank of Israel for US$400 million, thereby consolidating its position as the third largest Israeli bank.[4]
On 5 July 2021, Norway's largest pension fund KLP said it would divest from Bank Mizrahi-Tefahot together with 15 other business entities implicated in a 2020 UN report for their links to Israeli settlements in the occupied West Bank.[5][6]
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.[dead link]
- ^ Mizrahi Tefahot Bank
- ^ Barkai, Haim; Liviatan, Nissan (2007). The Bank of Israel Volume 2: Selected Topics in Israel's Monetary Policy. Oxford University Press. p. 174.
- ^ Israel's Mizrahi-Tefahot to buy Union Bank for $400 mln
- ^ "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.
- ^ Fouche, Gwladys; Jessop, Simon (5 July 2021). "Nordic fund KLP excludes 16 companies over links to Israeli settlements in West Bank". Reuters. Retrieved 2021-09-13.
External links
| International | |
|---|---|
| National | |
