The largest of the two banks, which can be said to constitute an oligopoly, is Bank Leumi, which was founded at the beginning of the last century, at the initiative of Benjamin Ze'ev Herzl, in order to be used as an economic arm by the Zionist movement.
During the pre-state period, the bank assisted in a complex of Zionist enterprises, among which the establishment of the Hebrew University and the establishment of the Tel Aviv port can be named.
With the establishment of the state, the bank served as a "financial agent" of the State of Israel, that is, it functioned
As the country's central bank (until the establishment of the Bank of Israel). Today, most of the bank's shares are in the hands of the public (about 80%), with the rest of the shares held by the state and the Shlomo Eliyahu company.
Bank Leumi branch and branches opening hours
Bank Leumi opening hours This is one of the most common questions asked around the bank. Bank Leumi branches, unlike other branches, work at different hours and days according to the area where the branch is located. For example, some bank branches work on Fridays and do not work on Sundays, some bank branches start at 08:30 and some of them only start at 09:00.
Leumi Bank branches in Rishon Lezion
Bank Leumi Petach Tikva branches