BDI

Mizrahi Tefahot Bank Ltd.

Commercial banking, providing an extensive range of banking services, mortgage leader

Profile

Founding Year 1923
Address 7 Jabotinsky St., Ramat Gan 5252007 - View Map
Phone 03-7559207
Fax 03-7559913
Email [email protected]
Social Networks
Company Website www.mizrahi-tefahot.co.il
   

Managers

Moshe Lari, Chief Executive Officer, Mizrahi Tefahot Bank Ltd.

Moshe Lari

Chief Executive Officer

Moshe Vidman, Chairman of the Board of Directors, Mizrahi Tefahot Bank Ltd.

Moshe Vidman

Chairman of the Board of Directors

About Mizrahi Tefahot Bank Ltd.


Mizrahi-Tefahot Bank ranks among Israel's three largest banks. The Bank offers its private and commercial banking customers in Israel and worldwide an extensive range of financial products and services at the highest professional level. The mix of commercial and mortgage activities provided by "Tefahot," Israel's No. 1 mortgage brand, enables Bank customers to enjoy attractive mortgage rates, a wide range of financial products and services, and the affinity between them.

The Mizrahi-Tefahot Group operates some 200 branches and business centers, through which it offers a broad spectrum of banking products and financial services that provide a comprehensive range of solutions to its customers’ changing needs and unique characteristics. Besides its branch operations, the Bank offers sophisticated and advanced direct banking services via the Internet, telephone, or cell phone.
Standard & Poor’s Ma’alot – The Israel Credit Rating Company has rated the Bank’s obligations at “AAA.”
Moshe Vidman is the Chairman of the Board of Directors, while Moshe Lari is the Chief Executive Officer.

Retail Dominance
Mizrahi-Tefahot provides “comprehensive service “at the highest level possible to the household and private customer sectors, offering a range of unique products and services, enabling them to manage their financial affairs simply and cost-effectively. These services include sophisticated account management services with attractive commission rates, expanded loan facilities at favorable interest rates, various mortgage possibilities, loans for any purpose, and various rewarding investment options. The Bank provides high-net-worth individuals with personal and professional services tailored to meet their particular requirements.

Mizrahi-Tefahot’s “Hybrid Banking”
Mizrahi-Tefahot is known for its unique range of products and services that offer added value to its customers. The Bank’s “Hybrid Banking “is an innovative and exclusive service concept that offers the ultimate combination of personal bankers and digital banking services. Only customers of Mizrahi-Tefahot can directly contact their personal banker using a variety of digital channels, with maximum availability, during extended working hours and from anywhere in the world.

Mortgage Leader
Mizrahi-Tefahot is a leading mortgage lender in Israel through “Tefahot, “the most extensive and leading mortgage brand in Israel, with a market share of approximately one-third of the domestic mortgage market. The mix of commercial-retail and mortgage activities creates a “positive link “between checking accounts and the mortgage loan, enabling customers of the Bank to make use of unique products and services that directly result from the link between these two activities.

Control of Bank Yahav
The Mizrahi-Tefahot Group includes Bank Yahav, of which the Bank has a 50% holding. Bank Yahav was, for many years, a niche bank serving government and public sector employees. The Bank now offers banking services to all retail customers. As part of collaborative efforts within the group, “Tefahot” mortgage desks operate in the main branches of Bank Yahav.

Merger of the Igud Bank into Mizrahi-Tefahot
In September 2020, Mizrahi-Tefahot completed its purchase offer for all Igud Bank shares. Since then, Igud Bank has ceased to be a public company and has become a wholly owned subsidiary of Mizrahi-Tefahot. The commercial and legal merger of Igud Bank into Mizrahi-Tefahot took about two years and was completed at the end of 2022.

Corporate Banking and Trading Rooms
Mizrahi-Tefahot provides a broad range of products and services to the corporate sector. The Corporate Division and the Regional Business Centers throughout the country offer corporate and business customers personal and professional services tailored to each corporation or business, according to size and nature.
Mizrahi-Tefahot operates a sophisticated and advanced trading room and offers its private and business customers a wide range of foreign currency, financial instruments, and capital markets operations.

International Presence
The Bank has branches in the UK and the US. Mizrahi Tefahot is the first Israeli bank to link Israeli and global foreign trading rooms into one synchronized floor.
Investment and Pension Advisory Services
The professional investment advisors of Mizrahi-Tefahot provide personal advisory services to suit the customer’s specific needs. In addition, the Bank offers objective and sophisticated pension advisory services to self-employed and salaried employees.

Community Involvement–Swords of Iron War
As a community-orientated business, Mizrachi-Tefahot is deeply committed to contributing to the community. The Bank made a unique decision to shift from a policy of monetary donations to social involvement. Today, most of the Bank’s units and branches have an exceptional degree of collaboration, characterized by its employees’ active involvement with associations and organizations that deal with children with special needs.
As soon as the Swords of Iron War began, Mizrahi-Tefahot joined the national effort and allocated considerable sums of money for donations, the adoption of Sderot and Kibbutz Kfar Aza, and the easing of banking requirements for bank customers from all over the country, headed by the residents from the conflict zones in Israel’s South and North.

You may also like


ranking of leading urban renovation companies in Israel

ranking of leading urban renovation companies in Israel CofaceBdi 2017 To continue reading the article in Hebrew

Big Data and Privacy- Risks and Rewards

Adv. Yoheved Novogroder-Shoshan (Hi-tech Partner) and Adv. Miriam Friedmann (Hi-tech Associate) “Information is the oil of the 21st century, and analytics is the combustion engine.” Peter Sondergaard. One of the most significant commodities of our era is data. The availability and novel methods of processing data has enabled medical practitioners to take tremendous strides in […]

Which company Israelis think it is best to work for?

Which company Israelis think it is best to work for? Every year, as in the last 13 years, we perform the employees survey among tens of thousands of employees in Israel with the aim to analyze their satisfaction from their workplace and in parallel to examine what is important to the Israeli worker about his […]

47% of the contractors expect prices to continue rising

47% of the contractors expect prices to continue rising In spite of Government efforts – only 39% of the contractors expect an increase in branch’s activity this year, 47% of the contractors expect dwelling prices to continue rising, 82% of the contractors expect the collapse of construction realization companies to continue this year too.   […]