Bank Hapoalim branch | Pisgat Ze'ev Settlement | Apr 2009 | Photographed by Who ProfitsHapoalim bank sign offering mortgage for homebuyers in a construction site | Beitar Illit settlement | 13 Nov 2010 | Photographed by Who Profits

One of the largest banks in Israel.

The Bank provides financing for the construction of housing projects in Israeli settlements in occupied territory. Hapoalim Bank acted as a guarantor and loan maker to major contractors and construction companies who build in the Occupied Territories (e.g. Heftzibah). The bank also acted as a financial underwriter for Hebftziba via IBI. In addition, Hapoalim Bank is a major creditor for Shikun & Binui – Housing and construction.

Hapoalim Bank finances the Jerusalem light rail project: The bank is a guarantor of the state loans to the companies that built the Light Rail in Jerusalem, which is designed to connect the settlement neighborhoods around Jerusalem with the city center.
The project is run by an ad-hoc conglomerate of companies called Citypass, comprising of: Ashtrom (47.5%), Harel (20%), Israel Infrastructure Fund (27.5%) and Veolia (5%). According to an article published in June 2009, "The funding agreement of the project with Bank Hapoalim and Bank Leumi included raising 280 million Euros in short-term loans and 100 million US dollars in long-term loans. [...] In light of the delays, Citypass asked the banks to increase the line of credit". 
The bank provides mortgages for homebuyers in settlements. For example, the bank supplied mortgage for a house in Alfei Menashe in 2010.

Hapoalim bank provides loans and financial services to local authorities of settlements: The bank operates the account of the settlement regional council of Har Adar, which opened another account for the rehabilitation, maintenance and development of water and sewage systems; the bank operates the account of Katzerin settlement in the Golan Heights.

Hapoalin Bank manages the finances of Clal finance and Jerusalem equity portfolio, companies owned by the settlement of Efrat, along with Leumi Bank

The Bank operates branches in the following settlements: Ariel, Beitar Illit, Modi'in Illit, Ma'ale AdumimPisgat Ze'ev and two branches in East Jerusalem (in Gilo and in Ramot). In addition, the bank operates a branch in Bnei Yehuda in the Golan Heights.  

The bank benefits from access to the Palestinian monetary market as a captive market.

Hapoalim bank discriminates Palestinian citizens of Israel. On 5 June 2013, the Israeli news channel 10 published an investigative report regarding discrimination of Palestinian costumers with an Israeli ID by Hapoalim Bank. According to the article, several Hapoalim branches refused to transfer accounts of Palestinian citizens to branches located in Jewish populated areas. 

Hapoalim bank finances the military city project for the Israeli army in the Negev.

Click here to read the full report about the involvement of the Israeli banks in the financing of the occupation.