- Business
- Bank Leumi le-Israel B.M. (TASE: LUMI) operates as Israel's largest bank, providing comprehensive retail, corporate, commercial, private, and international banking services to households, small and medium enterprises, large corporations, high-tech companies, and institutional clients. Core offerings encompass demand, fixed, and savings deposits; housing, collateral, and mortgage loans including digital mortgage services; credit cards, pension savings, provident and mutual funds; securities brokerage, trade finance, capital markets access, investment advisory, asset management, and payment solutions; foreign currency and derivatives trading such as forwards, options, interest rate and inflation products; letters of credit, cash and treasury management, documentary collection, online and mobile banking via platforms like Pepper; as well as specialized financing for property, hotels, asset-based lending, national infrastructure, construction, real estate, and LeumiTech services for the tech sector. The bank maintains a network of approximately 200 branches and service centers primarily in Israel, with international operations through subsidiaries and representative offices in the United Kingdom, Romania, Switzerland, Luxembourg, Canada, Uruguay, and others. Founded in 1902 and headquartered in Tel Aviv-Yafo, Israel, it serves diverse segments including households, private banking, small and micro businesses, mid-sized businesses, corporate entities with turnover exceeding NIS 250 million, and institutional bodies like provident, pension, and insurance funds. Recent developments include appointing market makers for its shares and listed equity options as the first Israeli bank under the Tel Aviv Stock Exchange program to enhance derivatives market accessibility in 2025; concluding Q3 2025 with net income of NIS 2.7 billion and ROE of 16.3%, alongside a NIS 2 billion total dividend payout representing 75% of net income; reporting 40% net income growth to NIS 9.8 billion for full-year 2024 with capital returns of NIS 4 billion; launching its inaugural $500 million Green Bond in 2023; and strategic partnerships such as with the European Investment Bank for EUR 500 million in green financing for Israeli SMEs and with Macquarie Capital for cross-border M&A and ECM activities.