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In November 2017, Mizrahi Tehafot Bank agreed to buy [[Union Bank of Israel]] for US$400 million, thereby consolidating its position as the third largest Israeli bank.<ref>[https://www.reuters.com/article/mizrah-tefaht-bk-union-bk-israel/update-1-israels-mizrahi-tefahot-to-buy-union-bank-for-400-mln-idUKL8N1NY3Z9 Israel's Mizrahi-Tefahot to buy Union Bank for $400 mln]</ref> |
In November 2017, Mizrahi Tehafot Bank agreed to buy [[Union Bank of Israel]] for US$400 million, thereby consolidating its position as the third largest Israeli bank.<ref>[https://www.reuters.com/article/mizrah-tefaht-bk-union-bk-israel/update-1-israels-mizrahi-tefahot-to-buy-union-bank-for-400-mln-idUKL8N1NY3Z9 Israel's Mizrahi-Tefahot to buy Union Bank for $400 mln]</ref> |
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On 5 July 2021, [[Norway]]'s largest pension fund [[Kommunal Landspensjonskasse|KLP]] said it would divest from Bank Mizrahi-Tefahot together with 15 other business entities implicated in a 2020 UN report for their links to Israeli settlements in the West Bank.<ref>{{cite web|url=https://reliefweb.int/report/occupied-palestinian-territory/database-all-business-enterprises-involved-certain-activities|title=Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71)|date=12 Feb 2020|publisher=UN OCHA|access-date=2021-09-12}}</ref><ref>{{cite web|url=https://www.reuters.com/world/middle-east/nordic-fund-klp-excludes-16-companies-over-links-israeli-settlements-west-bank-2021-07-05/|title=Nordic fund KLP excludes 16 companies over links to Israeli settlements in West Bank|first1=Gwladys|last1=Fouche|first2=Simon|last2=Jessop|date=5 July 2021|publisher=Reuters|access-date=2021-09-13}}</ref> |
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==See also== |
==See also== |
Revision as of 00:10, 15 December 2021
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Bank Mizrahi historical head office in Rothschild Boulevard, Tel Aviv | |
Native name | בנק מזרחי טפחות |
---|---|
Formerly | Bank Mizrahi |
Company type | Public |
TASE: MZTF | |
Industry | Banking |
Founded | 1923 |
Founder | Mizrachi movement |
Headquarters | , |
Area served | Israel |
Key people | Eli Yonas (CEO)Yaakov Peri (Chairman) |
Services | Financial services |
Revenue | ![]() |
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Number of employees | 3,827 (2007) |
Website | www.mizrahi-tefahot.co.il |
Bank Mizrahi-Tefahot (Hebrew: בנק מזרחי טפחות) is the third-largest bank in Israel. It has around 140 branches. The bank is the largest among Israel's mortgage lenders.
History
Bank Mizrahi-Tefahot was formed by a merger of Bank Mizrahi HaMeuhad and Bank Tefahot in 2004.[1]
Bank Mizrahi was established in 1923[2] by the Mizrachi movement and later merged with Bank Hapoel HaMizrachi[3] to form Bank Mizrahi HaMeuhad (United Mizrachi Bank).
In November 2017, Mizrahi Tehafot Bank agreed to buy Union Bank of Israel for US$400 million, thereby consolidating its position as the third largest Israeli bank.[4]
On 5 July 2021, Norway's largest pension fund KLP said it would divest from Bank Mizrahi-Tefahot together with 15 other business entities implicated in a 2020 UN report for their links to Israeli settlements in the West Bank.[5][6]
See also
References
- ^ Bank Mizrahi Set to Merge With Tefahot
- ^ Mizrahi Tefahot Bank
- ^ Barkai, Haim; Liviatan, Nissan (2007). The Bank of Israel Volume 2: Selected Topics in Israel's Monetary Policy. Oxford University Press. p. 174.
- ^ Israel's Mizrahi-Tefahot to buy Union Bank for $400 mln
- ^ "Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71)". UN OCHA. 12 Feb 2020. Retrieved 2021-09-12.
- ^ Fouche, Gwladys; Jessop, Simon (5 July 2021). "Nordic fund KLP excludes 16 companies over links to Israeli settlements in West Bank". Reuters. Retrieved 2021-09-13.