Mizrahi Tefahot Bank branch | Karnei Shomron Settlement | Sep 2010 | Photographed by Who ProfitsA sign in a construstion project in Ma'ale Adumim settlement, indicating the financial acompaniment of Mizrahi-Tefahot bank | Maale Adumim settlement | 18 March 2010 | Photographed by Dror AtkesA sign advertising mortgages by Mizrahi-Tefahot Bank | Beitar Illit settlement | 13 November 2010 | Photographrd by Who Profits
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One of the largest commercial banks in Israel

The bank is accompanying construction projects in the occupied territory:

The Mizrahi-Tefahot bank is accompanying a 60 housing units construction project of the Israeli company Malibu Construction in the southeast area of the Ariel settlement. The project is executed in the framework of Local Outline Plan 130/2/3/1, which relates to the land of the Palestinian village Salfit.
The Mizrahi-Tefahot bank accompanied "Euro on the Park", a 32 housing units project of the Israeli construction company Euro Israel in the south area of the Ariel settlement. The project was built in the framework of Local Outline Plan 130/2/4, which refers to the land of the Palestinian villages of Salfit and Marda. The construciton of the project was completed in 2016. 
The Mizrahi-Tefahot bank accompanied the first two stages of the "Green Ariel" project, which include 136 housing units, built by Kachan Investments Company (a subsidiary of the publicly-traded, Israeli company Hanan Mor Group). The project was completed in 2015-2016. The first two stages of the Green Ariel project were built in the framework of Local Outline Plan 130/2/4, which refers to land belonging to the Palestinian villages Salfit and Marda.
The Mizrahi-Tefahot bank accompanied a 36 housing units project of the Israeli construction company Haim Zaken in west Beitar Illit. The project was completed in 2016. Mizrahi-Tefahot has also accompanied Haim Zaken’s project for building a commercial center in Beitar Illit. Both projects are part of Local Outline Plan 426/8, which refers to the land of the Palestinian villages Wadi Fukin, Husan and Nahhalin. 

 

The Mizrahi-Tefahot bank is accompanying a 48 housing units project of the Israeli construction company Kotler Adika in southwest Ma’ale Adumim. The project is built in the framework of Local Outline Plan 420/1/16/4/1, which refers to the land of the Palestinian villages Al-Azariya and Abu-Dis.
The Mizrahi-Tefahot bank accompanied a 155 housing units construction project of the Israeli construction company Mitzpor Adumim (a subsidiary of the publicly traded Amos Hadar Group, which turned private in 2015) in the center of Ma’ale Adumim. All the local outline plans that refer to this area in Ma’ale Adumim indicate that it is located on the land of the Palestinian village Khan al-Ahmar. The project was completed in 2016.

The Mizrahi-Tefahot bank is accompanying a 44 housing units project of the Israeli company Mey-Tal Engineering and Services in southeast Har Homa.
The Mizrahi-Tefahot bank accompanied a 64 housing units project of the Israeli construction company Peretz Bonei Hanegev in southeast Har Homa. The project was completed in 2016. 
The Mizrahi-Tefahot bank accompanied a project of 68 housing units, which was built in southeast Har Homa by the Israeli company Haim Zaken Building and Investments. The project was completed in 2016.  

 

The Mizrahi-Tefahot bank is accompanying a 78 housing units project of the Israeli construction company Euro-Israel in the south of the Neve Ya’akov settlement neighborhood in East Jerusalem. 

The Mizrahi-Tefahot bank is accompanying a 122 housing units project of the Israeli construction company Euro Israel in northeastern Pisgat Ze’ev.
Mizrahi-Tefahot accompanied a project of 18 cottages the Israeli construction company A. Barkan and Co. in the southeast of Pisgat Ze’ev. The project was completed in 2014. 

The Mizrahi-Tefahot bank is accompanying a 144 housing units project of the Israeli construction company Guy & Doron Levi in southwest Ramat Shlomo.
The Mizrahi-Tefahot bank is accompanying a 94 housing units project of the Israeli construction company Kotler Adika in southwest Ramat Shlomo. The bank also extended credit to Kotler Adika for infrastructure work that the company is conducting in the area. These works include the construction of Road 21, which will connect the neighborhoods in northeastern Jerusalem with the villages and settlements around it. 

In previous years, the bank provides financing for constructing housing projects in the settlements of ArielHar Homa, Ramat Rachel, Ma'ale Adumim and Pisgat Ze'ev in the occupied West Bank and East Jerusalem. These projects include at least seven complexes of 377 housing units in Har Homa in the occupied East Jerusalem, carried out by Heftziba, Dona, Kotler Adika and Sasi construction companies. In Ma'ale Adumim settlement, the bank financed at least 10 construction projects, which include about 369 housing units, a commercial center and the Adumim park, carried out by Dona, Kotler-Adika and Sasi. The bank also financed a construction project by Kotler-Adika in Pisgat Ze'ev settlement, which includes 49 housing units. In addition, the bank financed a 128 housing units project in Ramat Rachel in East Jerusalem by R. Ela construction company. Mizrahi Bank also provides financial safeguarding for a Hanan mor construction project in Ariel.  

The bank advertises in its website construction projects in the settlements of Modi'in Ilit, Har Homa and Pisgar Ze'ev.

Mizrahi-Tefahot provides loans and financial services to local authorities of settlements and Israeli businesses operating in the occupied territories: A loan turnover of NIS 4.865 million to Har Hevron Regional Council in June 2015; A loan of NIS 1.5 million for tem years to Alfei Menashe Local Council in June 2014.

In addition, in November 2012, Mizrahi-Tefahot bank provided a Bank guarantee of NIS 250,000 to Kedumim Local Council. 

 

The bank also manages bank account for Har Hevron Regional Council and the Jordan Valley Regional Council.

 

In previous years, the Kdumim settlement opened a current loan account in Mizrahi Bank, in Otsar Hahayal bank and in Igud Bank; The settlement of Karnei Shomron opened a current loan account in Mizrahi Bank in 2010, in addition to attachment of collateral of the settlement's incomes and property tax in Mizrahi Bank; The Gush Etzion settlements' regional council's operates an acount in Mizrahi Bank, which is also used for development and education expenses; Efrat settlement operates two accounts in Mizrahi Bank branch in Alon Shvut: walfare fund and unordinary budget fund. 

In addition, the bank provides mortgages for homebuyers in settlements. For example in Ariel (from 2000, 2005 and 2009), Beit Arye (Ofarim) from 2009, 2 houses and land in Beitar Illit from 2010 and a house in Beitar ilit from 2009.  In addition, the bank provided mortgage for homebuyer in Immanuel from 2002 and four homebuyers in Modi'in Ilit from 2003, 2005, 2008 and 2012.

Bank Adanim, a fully owned subsidiary of Mizrahi, provides mortgages for houses in settlements, for example, a mortgage for a house in Beitar Illit from 2008.

The bank cooperated with Y.H. Dimri, an Israeli construction company for marketing housing exclusively for Israeli security officers. 

The bank operates 3 branches in the illegal settlements of Alon Shvut and Karnei Shomron in the occupied West Bank and a branch in Ramat Eshkol settlement neighborhood in the occupied East Jerusalem.

A subsidiary of the bank (50%), Yahav Bank for Government Employees, has a branch in the settlement neighborhood of Pisgat Ze'ev and in mount scoups in occupied East Jerusalem, and a branch in the settlement of Ma'ale adumim.

in 29 July 2013, Ha'aretz newspaper reveled a recorded conversation with one of Mizrahi's representatives, who stated that the bank's policy is not to provide credit to Palestinian citizens of Israel in order to discourage them from opening an account in the bank. This is a violation of the Israeli law, which forbids banks from refusing costumers' requests to open accounts. 

Click here to read the full report about the involvement of the Israeli banks in the settlement enterprise from February 2017.

Click here to read the full report about the involvement of the Israeli banks in the financing of the occupation from October 2010.