Bank Leumi
Bank Leumi (Hebrew: בנק לאומי, lit. National Bank; Arabic: بنك لئومي) is an Israeli bank. It was founded on February 27, 1902, in Jaffa as the Anglo Palestine Company as subsidiary of the Jewish Colonial Trust (Jüdische Kolonialbank) Limited: p.19 formed before in London by members of the Zionist movement to promote the industry, construction, agriculture, and infrastructure of the land hoped to ultimately become Israel. Today, Bank Leumi is Israel's largest bank (by total assets as of 2015), with overseas offices in Luxembourg, US, Switzerland, the UK, Mexico, Uruguay, Romania, Jersey, and China.
Native name | בנק לאומי |
|---|---|
| Company type | Public |
Traded as | TASE: LUMI |
| Industry | Banking |
| Founded | February 27, 1902, Jaffa, Independent Sanjak of Jerusalem, Ottoman Empire |
| Founder | Jewish Colonial Trust (Jüdische Kolonialbank) Limited, London, UK |
| Headquarters | Tel Aviv , |
Area served | Israel and 21 other countries |
Key people | Hanan Friedman (CEO) Dr. Samer Haj-Yehia (chairman) |
| Products |
|
| Services | Financial services |
| Revenue | US$ 3.9 billion (2016) |
| ₪2.83 billion (2015) | |
Net income | US$ 727.1 million (2016) |
| Total assets | US$ 113.96 billion (2016) |
Number of employees | 12,528 (2016) |
| Subsidiaries | Arab Israel Bank |
| Website | www.leumi.co.il |
Though nationalized in 1981, now Bank Leumi is mainly in private hands, with the government as the largest single shareholder, with 14.8% of the stock (as of June 2006). The other major shareholders are Shlomo Eliyahu and Branea Invest, which each hold 10% of the stock, constituting the control core of the bank. Sixty percent of the bank's stocks are held by the public and traded on the Tel Aviv Stock Exchange.