Address: 34 Yehuda Halevi St., Tel Aviv 65546
Chairman of the Board
Education: M.A., Economics, the Hebrew University of Jerusalem; B.A., Economics & Political Science, the Hebrew University of Jerusalem.
Current Position: Chairman of the Board, Bank Leumi le-Israel B.M.
Past Positions: Chairman of the Board – Bank Mizrachi, Bank Tefahot, Yes Satellite Television, Blue Square; Director General, The Finance Ministry; National Budget Director; Senior Deputy Director General, The Ministry of Industry and Trade; Head of the Economic Planning Authority; Government Committee Member – Defense, National Insurance and the Israeli Capital Markets; External Director – The Israel Corporation, Direct Insurance; Chairman of the Investments Committee – Makefet Pension Fund and Provident Fund Ltd., Ha'al Pension Fund; Lecturer – The Hebrew University of Jerusalem, School of Business Administration at Ben-Gurion University, The Interdisciplinary Center (IDC) Herzliya and the National Defense College.
Public Positions: Chairman of the Board, Hadassah Hospital; Chairman, The Administrative Board of Ben-Gurion University.
|Gideon Altman Head of the Commercial Banking Division
Dr. Chedva Bar Head of the Corporate Division
Kobi Haber Head of the Finance and Economic Division
Adv. Naomi Sandhaus Chief Legal Advisor, Head of the Legal Division
Dan Cohen Head of the Human Resources Division
Baruch Lederman Head of the Banking Division
Yoel Mintz Head of Structured Finance and the Real Estate Division
Itzhak Malach Head of Operations and Administration
Sasson Mordechay Chief Auditor, Head of the Internal Audit Division
Prof. Daniel Tsiddon Head of the Capital Markets Division
Menachem Schwartz Head of the Accounting Division
Balance Sheet: NIS 365.9 billion
NIS 1,891 million
Line of business:
Domestic and International Banking, Financial and Investment Activities
271 branches in Israel and 61 representative offices and branches in 17 countries
eumi is Israel’s oldest banking corporation, with the most extensive international banking operations of all Israeli banks. Established in London in 1902, today it operates 271 branches throughout Israel, and 61 branches abroad, located in 17 international financial centers throughout the globe. Leumi has 13,366 employees throughout the world.
The Leumi Group is one of the largest corporations in the Middle East. In 2011, the Group’s total assets amounted to NIS 898 billion. In 2011, the Group’s net profit totaled NIS 1,891 million. The ratio of net profit to shareholders’ equity was 8.3% in 2011.
The Leumi Group provides high quality banking services to all types of customers, starting with households and up to large corporations. These services are provided through dedicated business lines, suited to all types of customers, and backed up by the highest standards and uncompromised professionalism. The subsidiaries: Leumi Card (the Bank’s credit card company), Leumi Mortgage Bank, The Arab Israel Bank (AI Bank), and Leumi & Co. Investment House, complement the wide variety of services that the Group provides its customers.
Corporate Banking: The Corporate Banking Division manages the activity of Israel’s large business customers on the basis of sectorial expertise and synergy between the sectors. The Division is responsible for formulating the Group’s credit policy and managing and dealing with the Group’s overall credit risks, credit procedures and collateral policy. It is also responsible for designing special transactions, such as project financing in Israel and abroad, financing controlling interests transactions, examining investment plans, and international trade and financing. This line of business also includes the Construction and Real Estate Division that is responsible for the activity of Israel’s large building and contracting companies, with specific expertise and skill in the sphere.
Commercial Banking: The Commercial Banking Division specializes in providing banking and financial services to middle market companies through 26 dedicated commercial branches in four commercial districts on a geographical basis, and a central branch in Tel Aviv. The organizational structure of the Commercial Banking Division is unique in the banking system and enables the Bank to provide a “one stop shop” for its comprehensive services to all its clients.
Retail Banking: The Banking Division manages the activities of private and small business customers through about 200 branches that are located across the country in eight geographic districts. The Division’s services and products are adapted to the needs of the different customer sectors, among them the small businesses, affluent and retail customers banking sectors. This Division is also responsible for the Bank’s advanced banking alternatives and the direct customer contact channels, such as Yashir Leumi, the Leumi Call Center, automatic information tellers (ATM) located throughout the country, Leumi website, and advanced cellular services.
The Private Banking: Private banking services for high-net-worth individuals in Israel and abroad. Activities are carried out through unique private banking centers in Israel which are designated for foreign and Israeli residents, and through the bank’s subsidiaries in Switzerland, Luxembourg, the USA, the UK, and the representative offices in Europe, Latin America and North America.
International Banking: Includes the bank’s subsidiaries in the USA, Latin America and Europe, which provide private and commercial banking services catered to Israelis who live and operate in local markets. This year an additional representative office in China will be opened.
Capital Markets Division: Established in July 2006 following the changes in the Israeli capital market. The Division coordinates the activities of Leumi’s trading rooms, capital market services, contacts financial institutions and manages the Bank’s nostro portfolio. The Division has set a goal to provide solutions adapted to all customer needs in the various capital markets, and to increase the Bank’s profitability by trading in market risks, strengthening the trading rooms and developing its sales and entrepreneurship abilities with regard to its customers.
Leumi and the Community
One hundred years after its establishment, Leumi established “Leumi Tomorrow – The Centennial Fund for Endowing Israel’s Future Generation.” This fund supports educational projects and works towards the reduction of gaps in Israeli society, and equal opportunities. The Fund also supports the “Atidim” and “Youth Leading Change – Follow Me” foundations, which help nurture learning and leadership among the youth.
Leumi has sponsored and supported the “Young Entrepreneurs” project since its establishment in 1989. Tens of thousands of Israeli youth have already taken part in the challenging project of setting up a “small business” based on their own creative thinking and innovations.
Leumi is the first financial body in Israel that has been implementing a policy of environmental responsibility as part of its continuous process to promote social responsibility. In 2008, Leumi inaugurated the First Green Leading Management Building – the first banking building in Israel to comply with the Standards Institution of Israel and receive the 5281 stamp of approval for green construction.