About Mizrahi Tefahot Bank

Mizrahi-Tefahot Bank Ltd. engages in commercial banking (business and retail) and mortgage activities in Israel. The company operates through a nation-wide network of branches and business centers. Its overseas operations are conducted through bank affiliates and representative offices in Europe and Latin America. Segments The company manages its operations in six segments: Household, Small Business, Private Banking, Commercial Banking, Business Banking, and Financial Management. The operations in the six segments include all areas of banking operations, including classic banking activity (loans and deposits), securities activity for clients, and activity in derivative instruments, as well as custom banking services designed for needs in specific fields. Household This segment is under the responsibility of the Retail Division. This segment includes small household clients and mortgage operations. The division provides appropriate banking services and financial products to segment clients, including in the field of mortgages. Small Business This segment is under the responsibility of the Retail Division, which also serves small business clients. Banking services and financial products, including commercial banking services as required, are provided to segment clients. Private Banking This segment is under responsibility of the Private Banking and International Operations sector of the Finance Division. Private banking sector clients are individual clients with liquid assets (primarily short-term deposits and security investments). Clients of this segment have high financial wealth, to whom the company offers access to products and services in capital management activity, advisory service and investment management. Commercial Banking Clients of this segment are private and public companies of medium size (middle market) and medium level of indebtedness, and are served by the Business Banking Division, primarily by the Business sector, which operates through six business centers located throughout Israel. Segment clients operating in the real estate sector are served by the Construction and Real Estate sector of the Business Division, which specializes in provision of dedicated services to this sector. Business Banking The Major Corporations sector in the Business Division is responsible for the Business Banking segment, which is the focal point for handling the largest business clients. This segment provides a range of banking and financial services to the major companies in the economy, in a range of industries. Segment clients operating in the real estate sector are served by the Construction and Real Estate sector of the Business Division, which specializes in provision of services to this sector. Financial Management Operations in this segment include inter alia, management of assets and liabilities, management of exposure to market risk, management of the nostro portfolio and liquidity management, as well as trading room operations in the financial and capital markets. The segment is under responsibility of the Finance Division, except for investments in non-banking corporations, which are under the responsibility of the business division. Products The main products offered by the company’s segments are: Banking and Finance: A range of banking services offered to private and corporate clients, including management of checking accounts, provision of a current loan account, different kinds of credit and guarantees, receiving deposits, foreign trade activities (imports, exports, documentary credit, etc.), trading in derivative instruments, including trading in currencies and interest rates, etc. Capital Market: Security transactions for clients on stock exchanges in Israel and overseas, provident fund operating services and mutual fund distribution (management of provident funds and mutual funds until sold), which are among investment tracks available to the company’s clients. Credit Cards: A set of financial products and banking services given in conjunction with credit cards issued to the company’s clients by credit card companies in Israel. Mortgages: Housing loans secured by charges on a residence, out of the company’s funds and within the framework of government aid programs. Construction and Real Estate: Banking operations vis-à-vis companies in the real estate sector, as well as banking services for the real estate sector, including the financing of real estate products by the closed financing method. History The company was founded in 1923. It was formerly known as United Mizrahi Bank Limited and changed its name to Mizrahi Tefahot Bank Ltd. in 2005.

Country
Industry:
Commercial banks
Founded:
1923
IPO Date:
09/25/1996
ISIN Number:
I_IL0006954379
Address:
7 Jabotinsky Street, PO Box 3450, Ramat Gan 5252007, Israel
Phone Number
972 3 755 9000

Key Executives

CEO:
Lari, Moshe
CFO
Shachaf, Adi
COO:
Data Unavailable