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 [...]
Tag: National Bank
The banks in Israel are one of the central axes in the activity of the economy because they are responsible for most of the financing that exists in it. With regard to activity with private customers, the bank is a source of a variety of loans and mortgages and also offers a variety of risk-free deposits to the public (albeit with a relatively low yield). The largest and main banks operating in Israel are Bank Leumi, Bank Discount, Bank Hapoalim, International Bank and Bank Mizrahi [...]