Bank Leumi le-Israel B.M.

Domestic and International Banking, Financial and Investment Activities

Profile Icon

Company's Profile

Established: 1902
Line of Business: Domestic and International Banking, Financial and Investment Activities
Address: Head Office: 34 Yehuda Halevi St., Tel Aviv 6513616
Phone: 972-076-8858111
Management Icon

Company Executives

  • David Brodet, Bank Leumi le-Israel B.M.

    David Brodet

    Chairman of the Board of Directors

    Bank Leumi le-Israel B.M.

    View Profile

    David Brodet
  • Rakefet Russak-Aminoach, Bank Leumi le-Israel B.M.

    Rakefet Russak-Aminoach

    President and CEO

    Bank Leumi le-Israel B.M.

    View Profile

    Rakefet Russak-Aminoach

Line of Business

    Ronen Agassi Head of Capital Markets Division
    Bosmat Ben-Zvi Head of Risk Management Division
    Shlomo Goldfarb, CPA Head of Accounting Division
    Shmulik Arbel Head of Corporate & Commercial Division
    Irit Roth, Adv. Head of Legal Division
    Hanan Friedman, Adv. Head of Strategy
    & Regulation Division
    Hilla Eran-Zick Head of Human Resources Division
    Dan Cohen Head of Retail Banking Division
    Shay Basson Head of Technologies Division
    Ilan Buganim Chief Technology & Data Officer
    Sharon Gur Head of Internal Audit Division
    Omer Ziv, CPA Head of Finance Division
    Tamar Yassur Head of Digital Banking Division
Icon About

About Bank Leumi le-Israel B.M.

Employees   11,200

Assets   Balance Sheet: NIS 450.8 billion

Net profit   NIS 3.2 billion

Leumi is Israel’s oldest banking corporation and one of the leading and largest corporations in the Middle East. As of 31 December 2017, the Group’s total assets amounted to NIS 450.8 billion, while shareholders’ equity reached NIS 33.2 billion. Leumi Group’s credit portfolio at this period amounted to NIS 268 billion, deposits of the public reached NIS 362.5 billion, net profit totaled NIS 3.2 billion and net return on equity reached 9.8%. 

Leumi Always

Bank Leumi was founded in London in 1902 as a result of Dr. Theodor Herzl’s vision.  Upon the establishment of the State of Israel in 1948, Bank Leumi served as the central bank for the new state and issued the country’s first banknotes. Since then, Leumi has been instrumental to the development of the State of Israel, playing a vital role in a range of sectors - from national infrastructure, agriculture, industry and real estate, to commerce, academia, hi-tech and research.
The Leumi Group today operates some 219 branches throughout Israel, in addition to branches and offices located in key financial centers across the globe. Leumi provides a wide spectrum of high quality banking services to all types of customers, starting with households, through small and middle-market businesses, and up to large corporations. These services are provided through specialized business lines, suited to all customer segments, and are backed up by the highest standards and uncompromised professionalism. The Bank provides additional services through its subsidiaries: ‘Leumi Card’, the Bank’s credit card company; ‘Leumi Partners’, the Bank’s investment banking arm; and LeumiTech, the Bank’s high-tech banking arm.
In recent years, Leumi has invested extensive resources in developing and enhancing its technological capabilities in order to provide customers with accessible and advanced banking services. Today, ‘Leumi Digital’ leads the digital banking field in Israel, with a wide variety of innovative online banking services which are available to customers 24/7 via various direct channels.

Business Lines

Retail Banking
This business line provides full banking services to private customers and small businesses through some 197 branches located across the country. The business line includes the Mortgage Department and the Private Banking Department, which provides customized financial services to private customers - both in Israel and abroad - with a net worth of over NIS 1.5M.
Commercial Banking
This business line specializes in providing banking and financial services to middle-market companies through 22 commercial branches across the country. The organizational structure of this business line is unique in the Israeli banking system and enables the Bank to provide a comprehensive “one-stop shop” to its clients.
Corporate Banking
This business line provides comprehensive financial services to Israel’s largest businesses and multinational corporations, including construction and contracting companies involved in large scale real estate and infrastructure projects. the Among others, the Corporate Banking line deals with customers who have structured business operations, global operations or whose business operations are managed through the bank’s overseas subsidiaries.
International Banking
This business line provides commercial banking services to individuals and to Israeli companies operating in international markets. This includes Leumi USA, Leumi UK and Leumi’s representative office in Shanghai, China.
Capital Markets
This business line manages the bank’s nostro portfolio and offers financial services to institutional customers and foreign banks. It also manages Leumi’s dealing rooms (Israeli Securities, Foreign Securities, Forex and Derivatives) and provides capital market services to the Bank’s customers.
LeumiTech provides comprehensive financial services to Israeli high-tech companies at all stages of their lifecycles. LeumiTech’s value proposition meets all the financial needs of tech companies and includes both banking and non-banking financing, unique products and services, a dedicated platform for investment management, a dedicated credit card and access to funds, investors, companies and key players in the tech industry, both in Israel and abroad. Based in Tel Aviv, LeumiTech also operates in London, New York and Palo Alto.
Digital Banking
This business line is responsible for leading and implementing advanced digital innovation across all units of the Bank, in addition to managing the Marketing and Big Data Departments. The business line manages ‘Leumi Digital’ – the Bank’s advanced online digital services which include the website, mobile apps and self-service digital stations located at all branches. Furthermore, it is responsible for ‘Pepper’, Leumi’s innovative digital bank, which offers full account management via mobile only, with no current account fees.

Leumi and the Community

Ever since its establishment and alongside its business activities, Leumi has always been an active partner in the society and community in which it operates. This legacy has been manifested in recent years in the Bank’s activities in promoting education, culture and the arts, while working towards reducing social gaps and providing equal opportunities to youth in Israel.
In 2017, Leumi invested over NIS 37 million in activities for the benefit of the community, through donations and sponsorships to some 450 social and educational organizations. These activities were attended by dozens of thousands of youth and adults from all sectors of the Israeli population. In addition, more than 4,300 bank employees took part in volunteer work in various programs throughout the country.
For over 16 years Leumi has been a strategic partner of “Aharai!” (‘Follow Me!’), a social and educational association engaged in developing young leadership, as well as encouraging social involvement among youth and young adults across Israel. Leumi is the organization’s main donor and supports the ongoing growth of the organization’s activities in the periphery. The Bank’s CEO serves as Head of the Association of Friends of “Aharai!”, while more than 1,000 Leumi employees volunteered in the organization during 2017.