Bank Leumi and its subsidiary companies constitute one of the largest banking groups in Israel, continuing activities that began more than 100 years ago. The Bank's predecessor, The Anglo Palestine Company, was established in London in 1902 by Otsar Hityashvuth HaYehudim Jewish Colonial Trust Limited, the predecessor of Otsar Hityashvuth HaYehudim B.M.
The Leumi Group is involved in a variety of banking, financial and non-banking activities, in Israel and overseas. The Group's activities are carried out through the Bank, subsidiary companies and companies included on the equity basis, through 256 branches located throughout Israel, and through 78 branches, agencies and representative offices in 18 countries throughout the world.
The Group's policy, in Israel and overseas, is to provide comprehensive banking and financial solutions to its customers, a high level of professional service, to enable them to make use of varied distribution channels and to offer them a wide variety of products, adapted to their needs.
To implement its strategy, the Bank is organized into four business lines, concentrating on different market segments, with each business line specializing in providing banking and financial services to a particular customer segment: Corporate banking concentrates on servicing major and international companies, commercial banking concentrates on servicing middle market companies, private banking is aimed at wealthy customers requiring investment solutions at a highly sophisticated level, and retail banking concentrates on providing banking services to households and small businesses.
In August 2006, the Capital Markets Division was established. This Division coordinates the activities of all the trading rooms and the nostro, with a view to improving service to customers active in the capital and financial markets, including institutional customers, and to streamlining the nostro activities of the Bank.
Some of the financial services are provided by means of subsidiary companies in various fields, such as:
credit cards, mortgages and underwriting.
Further, the Group invests in non-banking corporations operating in the fields of insurance, infrastructure, local and overseas real estate, communications and the media, energy, shipping and the chemical industry.
Leumi is rated by Standard and Poor’s, Moody’s and Fitch.
