Israel’s central bank is The Bank of Israel. Its head office is situated in Kiryat Hamemshala city in Jerusalem and has a branch in the Capital city Tel Aviv. The Bank of Israel is responsible for monitoring the country’s banks, maintaining price stability, following government economic policies and Israel’s financial stability. Before the establishment of the State of Israel in 1948, the banking history of Israel can be traced back to the beginning of the 20th century.
Read Also: List of all Banks in Israel
The Bank of Israel
At a glance the central bank of Israel all information
Headquarters: Jerusalem, Israel
Established: 24 August 1954
Ownership: Government of Israel
Governor: Amir Yaron
Central bank of Israel
Currency: Israeli new shekel
Reserves: US$113.91 billion
Bank rate: 0.10% (March 2020)
Preceded by: Bank Leumi Le-Israel
List of all Banks in Israel
There are 22 banks are currently operating in Israel. The Bank of Israel overseeing all over the country’s banks. It is the central monetary authority and the administrator to implement and maintain the price stability of the financial system in Israel.
- Bank of Israel
- Bank Hapoalim
- Bank Leumi
- Bank Mizrahi-Tefahot
- First International Bank of Israel
- Israel Discount Bank
- Arab Israel Bank
- Mercantile Discount Bank
- Bank of Jerusalem
- Bank Otsar Ha-Hayal
- Union Bank (Bank Igud)
- Bank Massad
- Bank Yahav
- Dexia Israel Bank
- Poaley Agudat Israel Bank
- Postal Bank (Bank Ha-Doar)
- BNP Paribas Israel
- Southeast Global Nà Ni Bank
- Citibank Israel
- HSBC Israel
- State Bank of India
- Barclays Bank
For those who consider a career in the banking sector in Israel, this is the top bank list in Israel is very helpful to start his/her career. To get more information, you may visit our list of financial institutions in Israel.
Bank Hapoalim Hapoalim Bank was established in 1921 and it is the Israeli Trade Union Congress Histadrut and the Zionist Organization. The bank is currently Israel’s biggest bank and plays an important role in the world economical sector. It serves through 250 bank branches along with seven city commercial centers and 22 commercial branches. The bank also has branches in the United Kingdom, Europe and North America, with operations all over the world. Hapoalim Bank was named Israel’s best bank of the year in 2017 by the Banker magazine.
Bank Leumi The bank was established in 1902 and its headquarters is located in Tel Aviv. It provides banking services in 21 other countries/regions including Luxembourg, the United States, United Kingdom, Mexico, Switzerland, Romania, Uruguay, Jersey and China.
Israel Discount Bank It is one of the reputed biggest and oldest banks in Israel. The bank was established in 1935 and its headquarters is located in Tel Aviv. The bank has 5700 employees are serving through 260 branches all over the country. The Israel Discount Bank was formerly known as Eretz Yisrael Discount Bank or Palestine Discount Bank. It was established in 1935 and focused on foreign trade.
Bank Mizrahi-Tefahot In 2004, Mizrahi HaMeuhad Bank merged with Tefahot Bank to form Mizrahi-Tefahot Bank. In terms of mortgages, it is Israel’s fourth-biggest bank and the biggest bank in Israel. The bank headquarters is located in Ramat Gan. It serves its customers through 140 branches all over the country.
Mercantile Discount Bank The bank was established in 1971 and its headquarters is located in Tel Aviv. The bank is committed to providing services to small and medium enterprises and retail customers. The bank is serving consumer banking, investment banking, corporate banking, mortgage loans, asset management, private equity and other banking products and services through its 80 branches throughout the country.
These are the best and selected banks in Israel. You can visit the site to gather more information. All links and official information are included herewith.