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

Moshe Vidman

Chairman of the Board of Directors

Eldad Fresher, Chief Executive Officer, Mizrahi Tefahot Bank Ltd.

Eldad Fresher

Chief Executive Officer

About


Mizrahi-Tefahot Bank ranks among Israel's five largest banks. The Bank offers its private and commercial banking customers in Israel and around the world, 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 mortgages rates, a wide range of financial products and services and the affinity between them.

The Mizrahi-Tefahot Group, operates, as of December 31, 2018, 193 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. In addition to 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 serves as Chairman of the Board of Directors, while Eldad Fresher serves as 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 a broad variety of rewarding investment options. The Bank provides high net worth individuals with personal and professional services, which are tailored to meet their particular requirements.

Mizrahi-Tefahot’s “Hybrid Banking”
Mizrahi-Tefahot is noted for its unique basket of products and services that provide added value to its customers. The Bank’s “Hybrid Banking” is an innovative and exclusive service concept that offers the ultimate combination of services offered by personal bankers and digital banking. 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 largest and leading mortgage brand in Israel, with a market share of approximately one-third of the domestic mortgage market. The mix of commercial-retail activities 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.

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 located 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, activities.

International Presence
The Bank has subsidiaries in Switzerland and the Netherlands, as well as branches and representative offices in the UK, the US, Germany, and Mexico. Mizrahi Tefahot is the first Israeli bank to link its 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 provides objective and sophisticated pension advisory services to self-employed and salaried employees.

Community Involvement
As a community orientated business, Mizrachi-Tefahot has a deep commitment 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 a unique degree of collaboration, characterized by the active involvement of employees with associations and organizations that deal with children with special needs.

Historical Background
Mizrahi Bank Ltd. (today Mizrahi-Tefahot Bank Ltd.) was established in 1923 by the World Mizrahi Movement. In 1963, the Bank went public, and its shares began trading on the Tel Aviv Stock Exchange. In 1995, a privatization process began, under which the Wertheim and Ofer Groups acquired 26.0% of the Bank’s shares. In 1997, the two Groups increased their Bank holdings. As of the end of December 2018, the two groups held 44% of the Bank’s shares, with the rest of the shares being held by the public.

You may also like


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.   […]

New Trends in Israeli M&A in 2018 – Adv. Micki Shapira (Yigal Arnon & Co.)

From the resurgence of cybersecurity to deals seeking to bring cannabis firms to stock exchanges, here are the trends that shaped Israeli M&A in 2018

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 […]