Bank of Jerusalem, Ltd.
Native name
בנק ירושלים
Company typePublic company (TASE: JBNK)
IndustryBanking
Financial services
Founded1963; 61 years ago (1963)
FounderCharles Clore, Isaac Wolfson
Headquarters
Jerusalem
Number of locations
24 (2015)
ServicesCredit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management
RevenueIncrease ₪548 Million (2015)
Increase ₪48.6 Million (2015)
Total assetsIncrease ₪14.2 billion (2015)
Total equityIncrease ₪784 million (2015)
Number of employees
600 (2015)
Capital ratio9.7%
Websitewww.bankjerusalem.co.il

Bank of Jerusalem, Ltd. (Hebrew: בנק ירושלים) is Israel's seventh largest bank, with total assets of 9,301 million shekels.[1]

Bank of Jerusalem Holon branch

History

The bank was founded in 1963 as a mortgage bank to support housing development in Jerusalem by Mordechai Meir, Charles Clore, Isaac Wolfson and the Municipality of Jerusalem.

In 1992, the bank had an initial public offering on the Tel Aviv Stock Exchange. In August 1998, Bank of Jerusalem received a commercial banking license from the Bank of Israel, replacing the financial-institution license that it had held until then. By obtaining this license, Bank of Jerusalem completed its transformation into a commercial bank that specializes in real estate, the capital market, and international banking.[1]

Since 2010 the bank has been focusing on developing its retail banking activities, offering current accounts and savings accounts to consumers.

Bank of Jerusalem is headquartered in Jerusalem and has 24 branches around the country.

The bank is controlled by Export Investment Corp., Ltd., a public company controlled by the Shoval family.

Criticism

Involvement in Israeli settlements

See also: List of companies operating in West Bank settlements

On 12 February 2020, the United Nations published a database of companies doing business related in the West Bank, including East Jerusalem, as well as in the occupied Golan Heights.[2] Bank of Jerusalem was listed on the database on account of its activities in Israeli settlements in these occupied territories,[3] which are considered illegal under international law.[4]

See also

References

  1. ^ a b "Dun's 100 Israel's Largest Enterprises - Commercial Banks - by Total Assets", Dun & Bradstreet Israel, Jan 2010, archived from the original on 2011-09-27, retrieved 2010-05-27
  2. ^ "Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71)". UN OCHA. 12 Feb 2020. Retrieved 2021-09-12.
  3. ^ "UN rights office issues report on business activities related to settlements in the Occupied Palestinian Territory". Office of the United Nations High Commissioner for Human Rights. 12 February 2020. Retrieved 5 July 2021.
  4. ^ "S/RES/2334(2016)". United Nations Security Council. 23 December 2016. Retrieved 5 July 2021.

External links

Banks in Israel
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