The larger of the two banks, which can be said to constitute an oligopoly, is Bank Leumi, founded at the beginning of the last century, at the initiative of Theodor Herzl, in order to serve as an economic arm of the Zionist movement. In the pre-state period, the Bank assisted in a complex of Zionist enterprises, including the establishment of the Hebrew University and the construction of the Tel Aviv port. With the establishment of the State of Israel, the bank served as an "agent [...]
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