Other Senior Executives
Senior Deputy General Manager – Legal Advisor
Business Deputy General Manager
Chief Financial Officer
A Leading Municipal Bank
Dexia Israel Bank, this year celebrating its 65th year of service, is the leading bank for financing local authorities, municipal corporations and water and sewage corporations in Israel. The Bank has the expertise and close familiarity with the municipal sector and its unique characteristics, and provides its customers with banking services and tools adapted to their specific needs.
The Bank was initially established as “Otsar Ha’Shilton Ha’Mekomi” (“Local Government Treasury”), and in 2001 the Bank’s controlling interest was acquired by the international Dexia Group, which held its controlling interest until March 2018. Today, Dexia Israel operates as a bank without a controlling interest.
Being the leader in municipal finance is the Bank’s DNA.
The Bank is rated ilAA / Watch Pos by Standard & Poor’s Ma’alot, (an Israeli securities rating company).
In 2017, the Bank’s Board of Directors approved a new strategic plan, which further to its full implementation, the Bank’s return on equity is expected to be, on average, between 2019 and 2021, over 10%, while continuing to be a leading Bank in the following main financial indices – operating efficiency, quality of the credit portfolio and capital adequacy.
In addition, the plan is expected to maintain and strengthen the Bank’s status as the Home Bank of the local authorities, while expanding the activity to new areas.
The Bank’s business strategy also includes expanding the credit activity to additional sectors, primarily those with an affinity to the public sector, including infrastructure financing, financing of yielding real estate properties leased to public entities, financing leasing transactions and financing transactions for the purchase of means of public transportation.
For further details regarding the Bank’s strategic plan, see Immediate Reports published by the Bank, including a presentation published on November 12, 2017.
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