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Bank Mizrahi-Tefahot was formed by a merger of Bank Mizrahi HaMeuhad and Bank Tefahot in 2004. |
Bank Mizrahi-Tefahot was formed by a merger of Bank Mizrahi HaMeuhad and Bank Tefahot in 2004. |
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Bank Mizrahi was established in 1923 by the [[Mizrachi (Religious Zionism)|Mizrachi]] movement and later merged with Bank [[Hapoel HaMizrachi]] to form Bank Mizrahi HaMeuhad (United Mizrachi Bank). |
Bank Mizrahi was established in 1923<ref>[https://www.forbes.com/companies/mizrahi-tefahot-bank/?sh=772585b5012f Mizrahi Tefahot Bank]</ref> by the [[Mizrachi (Religious Zionism)|Mizrachi]] movement and later merged with Bank [[Hapoel HaMizrachi]] to form Bank Mizrahi HaMeuhad (United Mizrachi Bank). |
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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> |
Revision as of 22:17, 14 September 2021
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Bank Mizrahi historical head office in Rothschild Boulevard, Tel Aviv | |
Native name | בנק מזרחי טפחות |
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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 |
Footnotes / references [1] |
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.[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[2] 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 US$400 million, thereby consolidating its position as the third largest Israeli bank.[3]
See also
References
- ^ a b "Israeli Mizrahi Tefahot Bank's Fourth-Quarter Net Profit Falls". Fox Business. Dow Jones Newswires. 18 March 2013. Retrieved 26 March 2013.[dead link]
- ^ Mizrahi Tefahot Bank
- ^ Israel's Mizrahi-Tefahot to buy Union Bank for $400 mln