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Bank Hapoalim

Company nameBank Hapoalim Ltd.
Company typePublic company (B.M, Israel) (Tase - POLI
IndustryBanking Financial services
FoundedIsrael , 1921
HeadquartersTel Aviv, Israel
Key peopleShari Arison, Owner
Danny Dankner, Chairman
Zion Kenan , President & CEO
ProductsCurrent Accounts, Savings, Credit Cards, Mortgages, Trust Services, Foreign Securities, Foreign Currency
Employees13,581 worldwide

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Bank Hapoalim ( lit. The Laborers Bank) is Israel’s largest bank. As of 31 December 2008 it had total consolidated assets of NIS 306.85 billion. The Bank has a significant presence in global financial markets. In Israel, the Group has over 260 full-service branches, eight regional business centers, and industry desks for major corporate customers.
The bank's stocks are traded on the Tel Aviv Stock Exchange

In 2008, Bank Hapoalim recorded a net loss of NIS 895 million. During the financial crisis, the bank sold its New York-based mortgage backed security operations significantly below its former book value which was the main reason for the negative performance that year. In the first half of 2009, the bank was profitable, reporting net profits of NIS 424 million.

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