Bank Mizrahi-Tefahot
Bank Mizrahi-Tefahot (Hebrew: בנק מזרחי טפחות) is the third-largest[2] bank in Israel. It has around 140 branches. The bank is the largest among Israel's mortgage lenders.[1]
 | |
 Bank Mizrahi historical head office in Rothschild Boulevard, Tel Aviv | |
Native name | בנק מזרחי טפחות |
|---|---|
| Formerly | Bank Mizrahi |
| 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 |  ₪4.78 billion (2012)
₪4.61 billion (2011) |
| ₪1.07 billion (2012)
₪1.05 billion (2011) | |
Number of employees | 3,827 (2007) |
| Website | www.mizrahi-tefahot.co.il |
| Footnotes / references [1] | |
History
Bank Mizrahi-Tefahot was formed by a merger of Bank Mizrahi HaMeuhad and Bank Tefahot in 2004.
Bank Mizrahi was established in 1923 by the Mizrachi movement and later merged with Bank Hapoel HaMizrachi to form Bank Mizrahi HaMeuhad (United Mizrachi Bank).
In November 2017, Mizrahi Tehafot Bank agreed to buy Union Bank of Israel for U$400 Million, thereby consolidating its position as the third largest Israeli bank.
See also
References
- "Israeli Mizrahi Tefahot Bank's Fourth-Quarter Net Profit Falls". Fox Business. Dow Jones Newswires. 18 March 2013. Retrieved 26 March 2013.
- Overview Bank Mizrahi-Tefahot
External links
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