Leumi Wins Awards
Leumi declared "Israel's Bank of the year, 2010" by "The Banker"
For the third time in four years:
Leumi declared "Israel's Bank of the year, 2010" by the banking magazine, "The Banker"
For the third time in four years, Bank Leumi has been declared Israel's "Bank of the year - 2010" by the international banking magazine, The Banker, a member of the Financial Times Group. Among the reasons for choosing it as Israel's leading bank for 2010, the magazine cited the Bank's stability, profitability over time and its high capital adequacy.
Leumi's CEO, Galia Maor said that winning this distinguished accolade for the third time in four years is recognition of the Bank's excellent achievements from using a positive business strategy over the course of time. "We manage the Bank with a view to the long-term, a commitment to looking after our depositors' money and to the interests of all connected with the Bank, its shareholders, customers and employees. This strategy has been proved correct even during times of crisis and we are committed to its careful implementation in the years ahead as well," said Maor.
The Banker's bank of the year prize is considered one of the most prestigious accolades in the sphere of global banking. The winning bank in each country is determined according to the processing of data received from banks all over the world and its merging with the data in the magazine's own databases. The information used to choose the bank of the year is comprehensive and includes all the data that contributes to the performance of the bank and/or gives it its competitive edge. In addition to the business results, other topics such as the bank's strategies, growth directions, and initiatives to improve yields, adopt and assimilate advanced technology, etc., are also evaluated. The winning bank in each country is chosen according to the conclusions reached from processing and weighting of the data relating to its gambit of activities.