Leumi Bank בנק לאומי
One of the largest banks in Israel.
Leumi bank provides financing for the construction of housing projects in Israeli settlements in occupied territory. The bank provided financial support for 78 housing units in 6 buildings in Har Homa, constructed by Heftziba.
The bank provides loans and financial services to local authorities of settlements: The bank manages the funds of Clal finance and Jerusalem equity portfolio, owned by the settlement of Efrat, along with Hapoalim bank; Alfei Manashe settlement opened accounts for education funds and for development funds in Leumi Bank; Ma'ale Adumim settlement has signed an investment consultant agreement with Leumi Bank; Kiryat Arba settlement's property tax are saved in Leumi Bank.
The bank finances the Jerusalem light rail project, which was designed to connect the settlement neighborhoods around Jerusalem with the city center.
Through its subsidiary Leumi Mortgage Bank (100%), which specializes in providing mortgages, the bank also provides mortgages for homebuyers in settlements. For instance, a sign in the settlement of Tzofim (see picture on the left) says that special offers for mortgages by Leumi Mortgage Bank are given for private construction in the Tzofim View (Nofei Zufim) Project.
The bank benefits from access to the Palestinian monetary market as a captive market.
The bank has branches in the following settlements in the West Bank: Ma'ale Adumim, Oranit, Pisgat Ze'ev and Kiryat Arba, in the settlement neighborhoods of Ramot and Gilo in East Jerusalem and in Katzrin in the Golan Heights.
Leumi Mortgage Bank, has a branch in Ramat Eshkol settlement neighborhood in East Jerusalem.
Click here to read the full report about the involvement of the Israeli banks in the financing of the occupation.
11.46% of the shares are held by the state of Israel, 9.59% are held by Shlomo Eliyahu.
Chairman: David Brodet
CEO: Galia Yahav
International subsidiaries and branches: Leumi USA, Leumi UK, Switzerland, Luxemburg, Romania, Leumi International investments.
Leumi Bank funds projects of Israeli companies in Romania, Russia and Ukraine.
34 Yehuda Halevi St.
Tel Aviv 65136
Leumi Mortgage Bank
31-37 Montefiore St.
Tel Aviv 65201
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