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'''Bank Otsar HaHayal''' ({{lang-he|בנק אוצר החייל}}) is an [[Israel]]i [[bank]]. The name literally means "Bank of the Soldier Treasury". |
'''Bank Otsar HaHayal''' ({{lang-he|בנק אוצר החייל}}) is an [[Israel]]i [[bank]]. The name literally means "Bank of the Soldier Treasury". |
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==History== |
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Otsar HaHayal was founded in 1946 bythe [[British Mandate of Palestine]] to provide banking services to Jewish veterans of the British armed forces. It later provided these services to Israel Defense Forces veterans and defense sector employees, who also became part owners of the bank.<ref>[http://www.haaretz.com/print-edition/business/mizrahi-seeks-to-buy-bank-otsar-hahayal-1.178163as a means for Jewish war veterans to store their assets.http://www.haaretz.com/print-edition/business/mizrahi-seeks-to-buy-bank-otsar-hahayal-1.178163 Mizrahi seeks to buy Bank Otsar HaHayal]</ref> |
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Otsar HaHayal was founded in 1946 in the [[British Mandate of Palestine]] as a means for Jewish war veterans to store their assets. It was a bank only for soldiers until 1972, and had business partners within the [[Israeli Defense Forces|IDF]]. |
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By 1996, Otsar HaHayal completely transformed into a commercial public bank. |
By 1996, Otsar HaHayal completely transformed into a commercial public bank. |
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On January 24, 2006, [[Bank Hapoalim]]'s share of the bank, 66%, was sold for 703 million [[Israeli new sheqel|NIS]], approximately 185% of Otsar Ha-Hayal's estimated worth, to the [[First International Bank of Israel]]. |
On January 24, 2006, [[Bank Hapoalim]]'s share of the bank, 66%, was sold for 703 million [[Israeli new sheqel|NIS]], approximately 185% of Otsar Ha-Hayal's estimated worth, to the [[First International Bank of Israel]]. |
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==See also== |
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*[[Economy of Israel]] |
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==References== |
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{{reflist}} |
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==External links== |
==External links== |
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*{{official website|http://www.bankotsar.co.il/}} {{he icon}} |
*{{official website|http://www.bankotsar.co.il/}} {{he icon}} |
Revision as of 13:51, 17 July 2017
File:OtsarLogoHE.gif | |
Company type | Public |
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Industry | Banking |
Founded | 1946 |
Area served | Israel |
Revenue | ₪597 million (2014) |
Parent | First International Bank of Israel |
Website | www.bankotsar.co.il |
Bank Otsar HaHayal (Hebrew: בנק אוצר החייל) is an Israeli bank. The name literally means "Bank of the Soldier Treasury".
History
Otsar HaHayal was founded in 1946 bythe British Mandate of Palestine to provide banking services to Jewish veterans of the British armed forces. It later provided these services to Israel Defense Forces veterans and defense sector employees, who also became part owners of the bank.[1]
In 1972, the bank opened up to the general public, although it still largely kept its association with military assets. It was purchased by Bank Hapoalim in 1977.
By 1996, Otsar HaHayal completely transformed into a commercial public bank.
On January 24, 2006, Bank Hapoalim's share of the bank, 66%, was sold for 703 million NIS, approximately 185% of Otsar Ha-Hayal's estimated worth, to the First International Bank of Israel.