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Financial Services
1
Commercial Banks
RANK
Bank Hapoalim B.M.
B
ank Hapoalim, Israel’s leading financial
services group, offers diverse services
ranging from basic banking to complex
financing of large scale projects. During over 90
years of existence, the Bank has developed a
branch network and extensive commercial ac-
tivity in all areas of banking. With about 12,000
employees, the Bank Group is the leader in the
Israeli banking industry in terms of corporate
lending, retail and internet banking and credit
card activities.
The Group also operates abroad via branches,
representative offices and subsidiaries, as well
as through relationships with correspondent
banks worldwide.
The Bank published its financial statements for
2015 on February 29, 2016.
The net profit of the Bank Group rose to 3,082
NIS million, compared with NIS 2,713 million
in 2014.
Net return on equity reached 9.6%, compared
with 9.1% in 2014.
Total capital adequacy ratio in Basel 3 terms to-
taled 14.63% at the end of 2015, Tier 1 Capital
Ratio stood at 9.63%.
For long term foreign currency activity, interna-
tional rating agencies have positioned the Bank
as follows: Moody’s: (A2), Standard & Poor’s:
(A-), Fitch: (A-). In Israel, S&P Maalot, Israel Se-
curities Rating Company Ltd., issued an (AAA)
rating, and Midroog (a subsidiary of Moody’s)
issued an (AAA) rating.
Operations of the Bank Group in Israel
Bank Hapoalim has all the benefits of a large,
solid, financial services group. The Bank’s
activities with the majority of its customers
are handled mainly by two areas: Retail and
Corporate. The Retail Area serves households,
private banking and small business customers,
and also provides consumer credit and mort-
gages through a network of about 245 branches
located throughout Israel and through direct
channels: Poalim Online, Poalim Mobile and
Poalim by Telephone.
The Corporate Area provides service to most
business customers; activities with large
corporate clients are conducted by the Bank’s
industry-specific banking experts in its Head
Office, while middle market business clients
are handled in coordination through seven
Business Centers and 22 specialized Business
branches located throughout Israel.
The Group’s subsidiaries include:
•
The “Isracard Group” -
issues (together with
the Bank), operates and markets credit cards
within and outside the Bank Group, for use in
Israel and abroad.
•
Peilim –
Portfolio Management Company
Ltd., operates within the Bank Group, manag-
ing investment portfolios for institutions and
individuals.
•
“Poalim Capital Markets,”
operates within
the Bank Group, providing a broad range of
investment banking services, such as partici-
pation in private investment funds, including
venture capital funds, and investments in cap-
ital funds and in knowledge and technology
intensive companies.
•
Poalim Trust Services Ltd. –
Provides trust
services.
Operations of the Bank Group Abroad
The Group operates abroad via banking sub-
sidiaries, financial companies, the Bank’s over-
seas branches and representative offices.
Internationally, the Bank is focused on two
business segments: Global Private Banking,
centered in Switzerland, and Commercial Ser-
vices for Israeli companies working abroad and
local Middle Market customers, based in New
York, with offices in Miami and Los Angeles. The
Bank also serves as the gateway to the Israeli
financial markets for international customers
investing and doing business in the country.
Global Private Banking – The Bank provides its
customers abroad with advanced professional
services and products, including investment
products and global asset management. This
activity currently encompasses Israel, Europe,
Latin America, Canada and Hong Kong through
banking subsidiaries, branches, representative
offices, and asset-management subsidiaries.
Commercial Banking: Most of the Bank Group’s
international business activity is conducted
through the New York branch: Comprehensive
banking services to large Israeli companies op-
erating in the US as well as to local companies
and clients, including credit, foreign trade, in-
vestments, and dealing-room services; as well
as participating in syndicated credit lines orga-
nized by leading banks.
The branch is also developing its activity in the
middle-market segment in the United States,
by developing relationships with and granting
direct credit to local commercial clients, with a
clear business focus on specific geographical
regions and areas of activity.
Poalim Asset Management (PAM) companies
operating out of the U.K. are responsible for se-
lecting, marketing, and providing professional
support for investment products offered to
Global Private Banking customers worldwide, in
cooperation with leading international financial
companies in these fields.
The Bank maintains ties with correspondent
banks worldwide, through which it conducts
international activities. These activities include
foreign currency trading through dealing rooms,
cooperation in foreign trade and financing of in-
ternational trade transactions, project finance,
clearing arrangements and capital markets
services.
Poalim in the Community
The Bank’s report on Sustainability and Cor-
porate Responsibility was rated by the Global
Reporting Initiative (GRI) at the highest grade
of A+.
In line with its corporate vision, strategy and
values, the Bank Hapoalim Group is committed
to taking a leading and active role in the com-
munity alongside its business leadership and
economic entrepreneurship. This activity for the
benefit of the community is centered within the
“Poalim in the Community” framework.
continued on page 32
Esta b l i s h e d
1921
L i n e o f B u s i n ess
Commercial Bank
Zion Kenan
President & CEO *
Yair Seroussi
Chairman *
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