Bank Mizrahi-Tefahot

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Bank Mizrahi-Tefahot
Native name
בנק מזרחי טפחות‎
FormerlyBank Mizrahi
TypePublic
TASE: MZTF
IndustryBanking
Founded1923; 98 years ago (1923)
FounderMizrachi movement
Headquarters
Ramat Gan
,
Israel
Area served
Israel
Key people
Eli Yonas (CEO)
Yaakov Peri (Chairman)
ServicesFinancial services
RevenueIncrease ₪4.78 billion (2012) ₪4.61 billion (2011)
Increase ₪1.07 billion (2012) ₪1.05 billion (2011)
Number of employees
3,827 (2007)
Websitewww.mizrahi-tefahot.co.il
Footnotes / references
[1]

Bank Mizrahi-Tefahot (Hebrew: בנק מזרחי טפחות‎) is the third-largest[2] 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 by the Mizrachi movement and later merged with Bank Hapoel HaMizrachi to form Bank Mizrahi HaMeuhad (United Mizrachi Bank).

In November 2017, Mizrahi Tehafot Bank agreed to buy Union Bank of Israel for U$400 million, thereby consolidating its position as the third largest Israeli bank.

Criticism[]

Involvement in Israeli settlements[]

See also: List of companies operating in West Bank settlements

On 12 February 2020, the United Nations published a database of companies doing business related in the West Bank, including East Jerusalem, as well as in the occupied Golan Heights.[3] Bank Mizrahi-Tefahot was listed on the database on account of its activities in Israeli settlements in these occupied territories,[4] which are considered illegal under international law.[5]

See also[]

References[]

  1. ^ Jump up to: a b "Israeli Mizrahi Tefahot Bank's Fourth-Quarter Net Profit Falls". Fox Business. Dow Jones Newswires. 18 March 2013. Retrieved 26 March 2013.
  2. ^ Overview Bank Mizrahi-Tefahot
  3. ^ "Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71)". UN OCHA. 12 Feb 2020. Retrieved 2021-09-12.
  4. ^ "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.
  5. ^ "S/RES/2334(2016)". United Nations Security Council. 23 December 2016. Retrieved 5 July 2021.

External links[]

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