Bank Leumi Le-Israel

It is the largest public financial institution in Israel. It specializes in offering consumer, corporate, investment, and private banking services. Also, it works in the field of finance, insurance, credit cards, asset management loans, etc.

History

In 1897, The Jewish Colonial Trust was created thanks to the vision of the writer Theodor Herzl to help Jewish settlers in Palestine in their financial situations. Herzl helped collect 250,000 pounds for the institution to start banking in London. In 1902, the Anglo-Palestine Company was created in London, which was a subsidiary of the Jewish Colonial Trust. A year later, it opened its first branch in Jaffa, and subsequently, it had a rapid expansion with offices in Jerusalem, Hebron, Safed, Beirut, Haifa, Gaza, and Tiberias. During World War II, the bank supported the resources of the British army. In 1950, the entity’s name was changed to Bank Leumi Le-Israel, and four years later, it became a commercial bank due to the creation of the Bank of Israel. The bank was nationalized in 1983. It acquired the Arab Israel Bank (1971) and Banque Safdie SA (2011).

Swift Code

The Swift Code (Society for Worldwide Interbank Financial Telecommunication), also known as BIC, is used during an international transfer to identify the receiving bank: LUMIILIT.

Number of Employees

The bank has approximately 12,528 employees.

Rating

The rating is the evaluation of a bank and the risks it can take in case of not paying a debt. Moody’s, S&P, and Fitch are the agencies in charge of it.

Bank Leumi Le-Israel has a rating of:

  • Moody’s = A2.
  • S&P = A.
  • Fitch = A.

A2 (Moody’s) = It has medium-high quality, low credit risk, but with elements that suggest a susceptibility to long-term deterioration.

A (S&P Global) = The economic situation could affect financing.

A (Fitch) = It has great solvency capacity and low risk of default.

Headquarters

The headquarters of the entity is in the city of Tel Aviv, Israel.

Website

If you want to know more about this bank, enter through its website: http://www.leumi.co.il/.

Services

The Israeli bank offers services and products that include online and mobile banking, digital ATMs, bank accounts, capital markets, national trade, foreign currency transfers, deposits, savings, loans, credits, credit cards, exchange rates, advice of pensions, mortgages and many more.

Contact

  • Address:  24-32 Yehuda Halevi St., Tel-Aviv, 65546
  • Phone Number: 03 9545522 (customer support), +972-76-885-8111 (head office)