Bank of Jerusalem
Bank of Jerusalem, Ltd. (Hebrew: בנק ירושלים) is Israel's seventh largest bank, with total assets of 9,301 million shekels.[1]
 | |
Native name | בנק ירושלים |
|---|---|
| Type | Public company (TASE: JBNK) |
| Industry | Banking Financial services |
| Founded | 1963 |
| Founder | Charles Clore, Isaac Wolfson |
| Headquarters | |
Number of locations | 24 (2015) |
| Services | Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management |
| Revenue |  ₪548 Million (2015) |
| ₪48.6 Million (2015) | |
| Total assets | ₪14.2 billion (2015) |
| Total equity | ₪784 million (2015) |
Number of employees | 600 (2015) |
| Capital ratio | 9.7% |
| Website | www |
History
The bank was founded in 1963 as a mortgage bank to support housing development in Jerusalem by Mordechai Meir, Charles Clore, Isaac Wolfson and the Municipality of Jerusalem.
In 1992, the bank had an initial public offering on the Tel Aviv Stock Exchange. In August 1998, Bank of Jerusalem received a commercial banking license from the Bank of Israel, replacing the financial-institution license that it had held until then. By obtaining this license, Bank of Jerusalem completed its transformation into a commercial bank that specializes in real estate, the capital market, and international banking.[1]
Since 2010 the bank has been focusing on developing its retail banking activities, offering current accounts and savings accounts to consumers.
Bank of Jerusalem is headquartered in Jerusalem and has 24 branches around the country.
The bank is controlled by Export Investment Corp., Ltd., a public company controlled by the Shoval family.
Criticism
Involvement in Israeli settlements
On 12 February 2020, the United Nations published a database of companies doing business related in the West Bank, including East Jerusalem, as well as in the occupied Golan Heights.[2] Bank of Jerusalem was listed on the database on account of its activities in Israeli settlements in these occupied territories,[3] which are considered illegal under international law.[4]
See also
References
- "Dun's 100 Israel's Largest Enterprises - Commercial Banks - by Total Assets", Dun & Bradstreet Israel, Jan 2010, archived from the original on 2011-09-27, retrieved 2010-05-27
- "Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71)". UN OCHA. 12 Feb 2020. Retrieved 2021-09-12.
- "UN rights office issues report on business activities related to settlements in the Occupied Palestinian Territory". Office of the United Nations High Commissioner for Human Rights. 12 February 2020. Retrieved 5 July 2021.
- "S/RES/2334(2016)". United Nations Security Council. 23 December 2016. Retrieved 5 July 2021.
External links
- Bank of Jerusalem Archived 2021-04-21 at the Wayback Machine