Bank Hapoalim (Hebrew: בנק הפועלים lit. The Workers' Bank) is one of Israel's largest banks.
|Traded as||TASE: POLI|
|Industry||Banking, Financial services|
|Arik Pinto, CEO |
Oded Eran, Chairman of the Board
|Products||Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management|
|Revenue||US$4.36 billion (2016)|
|US$684.6 Million (2016)|
|Total assets||US$116.43 billion (2016)|
|Owner||Shari Arison (20.2%)|
Number of employees
The bank was owned by the Histadrut until 1983, when it was nationalized following the Bank Stock Crisis. The bank was held by the Israeli government until 1996 when it was sold to a group of investors led by Ted Arison.
The bank has a significant presence in global financial markets. In Israel, it has over 600 ATMs (automated teller machines), 250 bank branches, 7 regional business centers, 22 business branches and industry desks for major corporate customers. The bank's stock is traded on the Tel Aviv Stock Exchange.
In January 2014, Danske Bank and the Dutch pension fund PGGM blacklisted Bank Hapoalim for its involvement in the financing of settlements in the Palestinian territories. Danske Bank reversed its decision in November 2015.
The bank operates several international subsidiaries: In the City of London and Poalim Asset Management (UK) Limited; in the United States (New York City, California, & Miami) and in Canada; BHI Private Banking, Switzerland Bank Hapoalim (Switzerland) Ltd., Zurich, Geneva, Luxembourg, South America, and the Cayman Islands.