Bank of Jerusalem

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Bank of Jerusalem, Ltd.
Native name
בנק ירושלים
Public company (TASEJBNK)
Industry Banking
Financial services
Founded 1963; 54 years ago (1963)
Founder Charles Clore, Isaac Wolfson
Headquarters Jerusalem
Number of locations
24 (2015)
Services Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management
Revenue Increase 548 Million (2015)
Increase 48.6 Million (2015)
Total assets Increase 14.2 billion (2015)
Total equity Increase 784 million (2015)
Number of employees
600 (2015)
Capital ratio 9.7%
Website www.bankjerusalem.co.il

Bank of Jerusalem, Ltd. (Hebrew: בנק ירושלים‎‎) is Israel's seventh largest bank, with total assets of 9,301 million shekels.[1]

Bank of Jerusalem Holon branch

History[edit]

The bank was founded in 1963 as a mortgage bank to support housing development in Jerusalem by Mordechai Meir, Charles Clore, Isaac Wolfson and the Municipality of Jerusalem.

In 1992, the bank had an initial public offering on the Tel Aviv Stock Exchange. In August 1998, Bank of Jerusalem received a commercial banking license from the Bank of Israel, replacing the financial-institution license that it had held until then. By obtaining this license, Bank of Jerusalem completed its transformation into a commercial bank that specializes in real estate, the capital market, and international banking.[1]

Since 2010 the bank has been focuising on developing it's retail banking activities, offering current accounts and savings accounts to consumers.

Bank of Jerusalem is headquartered in Jerusalem and has 24 branches around the country.

Today the bank is controlled by Export Investment Corp., Ltd., a public company controlled by the Shoval family.

See also[edit]

References[edit]

  1. ^ a b "Dun's 100 Israel's Largest Enterprises - Commercial Banks - by Total Assets", Dun & Bradstreet Israel, Jan 2010, retrieved 2010-05-27 

External links[edit]