Mizrahi Tefahot Bank Ltd

Established in 1923 and headquartered in Ramat Gan, Israel, Mizrahi Tefahot Bank Ltd. operates as a full-service financial institution, delivering a broad spectrum of international, commercial, domestic, and personal banking solutions. It caters to both individual and corporate clients within Israel, Switzerland, and various international markets. The bank structures its diverse activities across six primary divisions: Household, Small Business, Private Banking, Commercial Banking, Business Banking, and Financial Management. Its core offerings encompass essential banking products such as checking, savings, and deposit accounts, complemented by a wide range of loan options including instant, home renovation, automotive, general-purpose, student, and business loans, alongside mortgages. Credit card services are also a part of its portfolio. Beyond traditional banking, Mizrahi Tefahot provides specialized services such as foreign trade support (covering import, export, and documentary credit), bank guarantees, and foreign currency management, which includes trading in derivative instruments and factoring services, as well as investments in deposits and securities. The bank also finances real estate and construction projects, offers advisory services for mergers and acquisitions, and provides both private and online banking platforms. In the capital markets, the company delivers consultancy, distributes mutual funds, manages client securities portfolios, and offers pension and trust advisory services. It is also involved in operating provident and mutual funds, providing insurance related to mortgages, participating in syndication transactions, and conducting various credit operations. As of December 31, 2021, the bank boasted a substantial network of 225 branches and business centers across Israel, incorporating 52 Bank Yahav and 29 Union Bank locations, in addition to two international bank affiliates. The company changed its name from United Mizrahi Bank Limited to Mizrahi Tefahot Bank Ltd. in November 2005.