Bank Hapoalim

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Bank Hapoalim
Image:hapoalim_bank.gif Image:Bank_hapoalim_en.gif
Type Public company (B.M, Israel)
Founded Israel , 1921
Headquarters Tel Aviv, Israel
Key people Shlomo Nehama, Chairman
Zvi Ziv, President & CEO
Industry Bank
Products Financial services
Employees 10,000
Website www.bankhapoalim.com

Bank Hapoalim (Hebrew: בנק הפועלים‎) is the largest Israeli bank. The bank was established in 1921 by the World Zionist Organization and the Histadrut. The bank operates several international braches, in the USA (New York City, Miami), in Canada, Europe (Switzerland, Luxemburg), South America and the Cayman Islands. The bank's stock's are traded in the Tel Aviv Stock Exchange.

The bank was owned by the Histadrut until 1983, when it was nationalized following the Bank Stock Crisis. The bank was held by the Israeli government until 1996 when it was sold to a group of inverstors led by Ted Arison. During the period of government ownership the bank grew considerably to become the largest bank in Israel (a title previously held by Bank Leumi).

As of 2006 the bank employs about 10,000 employees. It is controlled by Arison Holdings, owned by Shari Arison.

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