Banks

Banking

Ofer Investments Group owns Bank Mizrahi-Tefahot, which it controls equally with the M. Wertheim Group. Ofer Investments and the group’s stakeholders hold approximately 26% of the bank's shares.

 

Bank Mizrahi-Tefahot Ltd. is Israel's fourth largest bank, with approximately 125 branches throughout Israel offering banking and financial services as well as mortgage loans with different options for private and institutional bodies.

 

Mizrahi-Tefahot maintains a variety of international activities through its subsidiaries, branches and representative offices around the world, including the USA, UK, Switzerland, Mexico, Cayman Islands, and more. The bank's worldwide branches offer a variety of quality products and services to local residents in addition to Israeli citizens who wish to manage their financial assets overseas.

 

Maalot, The Israeli Securities Rating Company Ltd., a partner of Standard & Poors, has awarded the bank an AA+ rating for its liability options.

 

Mizrahi-Tefahot is supervised by the Bank of Israel and guaranteed by Banker’s Blanket Bond insurance.

 

At the beginning of 2005, United Mizrahi Bank Ltd. merged with Tefahot Israel Mortgage Bank Ltd. to become one bank that was eventually named Bank Mizrahi-Tefahot Ltd. In 2008, Bank Mizrahi-Tefahot completed a deal to acquire Bank Hapoalim's share of Bank Yahav (50%).

 

In the first quarter of 2009, Bank Mizrahi-Tefahot completed a merger with its fully-owned subsidiary Bank Adanim.

 

Website: www.mizrahi-tefahot.co.il



  
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