- Business
- Bank Hapoalim B.M. Bank Hapoalim B.M. (BKHYY) provides comprehensive banking and financial services to retail, corporate, private banking, small business, and institutional clients primarily in Israel, with international operations through its New York branch, Hapoalim Switzerland, Bank Pozitif in Turkey, and global correspondent banking relationships. The bank operates through three main divisions: Retail Banking, offering current account management, credit products including housing loans, deposits, savings plans, investment advisory, pension and retirement planning, credit cards, and digital channels such as Hapoalim Internet, Hapoalim Mobile, and the Bit payment app; Corporate Banking, providing financing for working capital, infrastructure projects, construction, foreign trade, letters of credit, guarantees, syndication, and specialized services for large corporations and middle-market businesses via industry desks and regional business centers; and Financial Markets and International Banking, encompassing securities trading and brokerage, custody services, currencies and derivatives trading, investment portfolio management, research and consulting, investment banking, underwriting, issuance management, provident fund services, and dealing-room operations. Founded in 1921 and headquartered in Tel Aviv, Israel, the bank maintains over 250 branches, more than 600 ATMs, and extensive self-service networks domestically, serving households, foreign residents, and businesses across sectors. Subsidiaries and affiliates include Poalim Equity, which invests in private equity, debt, and growth solutions for companies in Israel and abroad, including a 20% stake in Leader Capital Markets and partnerships like William Blair for U.S. listings; it also engages in alternative investment platforms, mergers and acquisitions advisory, and fund syndication. Recent developments include a November 2025 announcement to distribute free shares or cash equivalents worth approximately 138 shekels to about one million qualifying customers, following a similar September 2025 initiative, supported by a shelf prospectus for up to three million new shares; a March 2025 dual-tranche bond issuance raising over three billion shekels ($829 million) for Tier 2 capital to fund growth after strong 2024 profits and projected 2025 increases; leadership changes with Yadin Antebi as CEO since August 2024 and Noam Hanegbi as Chairman since 2025; and partnerships such as arranging $120 million financing for EL AL Israel Airlines' Boeing 787 purchase in January 2025.