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of the
Palestine Association, resulting in Bank Igud becoming jointly owned by Bank Leumi and the Economic Company. In March 1958, a merger with Feuchtwanger Bank was proposed, but negotiations failed, and the merger did not proceed. In 1961, Bank Leumi purchased the remaining shares, gaining full ownership of Bank Igud.
209:
Union Bank was founded in 1951 by the
Economic Company for Israel from New York and the Palestine Association from London. This continued the banking operations of the Palestine Association, which had been active in the Land of Israel since 1922. In April 1954, Bank Leumi acquired most of the shares
200:
acquired all the shares of Bank Igud, therefore legally as of
October 1, 2020, Igud Bank ceased to exist as a publicly traded company and became a subsidiary of Bank Mizrahi-Tefahot. Mizrahi appointed 4 directors to the bank's board, and also appointed Moshe Levi as chairman of the board in place of
225:
was established, diamond trading also took place in the building where the bank's offices were located in Tel Aviv, thus establishing a connection between this sector and the bank. The bank's market share in the diamond sector stood at about 22%, significantly higher than its relative share in the
201:
Zeev Aviel. By
November 15, 2022, all Igud Bank customers were transferred to Mizrahi-Tefahot. On 31 December, 2022, the merger process was completed entirely, and "Igud" ceased to exist as an entity.
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general banking market. As part of the merger process with
Mizrahi Bank, the bank's credit portfolio in the diamond sector was sold to the company "Peninsula".
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In 2014, Bank Igud held a market share of about 3% of the banking system in Israel, focusing on commercial activity for high-income earners.
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390:"בנק לאומי רכש מחצית השניה ממניות בנק איגוד — הבקר 15 מרץ 1961 — הספרייה הלאומית של ישראל │ עיתונים"
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365:"בכל כל ה — דבר 7 מרץ 1958 — הספרייה הלאומית של ישראל │ עיתונים"
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A unique sector the bank operated in was the diamond sector. When the
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439:"מתקרב המיזוג בין אגוד למזרחי-טפחות: פנינסולה רוכשת את תיק היהלומים"
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244:"דף הבית - מאיה – מערכת אינטרנט להודעות | הבורסה לניירות ערך"
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bank, with thirty branches spread around the country.
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263:"First International Bank profit jumps 20% in 2012"
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291:"המיזוג בין בנק מזרחי טפחות לבנק אגוד יוצא לדרך"
1131:Companies listed on the Tel Aviv Stock Exchange
415:"אליהו מחפש קונה לבנק אגוד - אך לא בטוח שימצא"
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1017:This Asian bank-related article is a
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261:Katsovitch, Guy (20 March 2013).
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633:Discount Investment Corporation
153:Footnotes / references
798:Partner Communications Company
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1136:1951 establishments in Israel
315:"Bank Igud begins operations"
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1079:. You can help Knowledge by
1021:. You can help Knowledge by
793:Rami Levy Hashikma Marketing
181:), more widely known by its
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668:Elron Electronic Industries
63:; 73 years ago
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1004:
748:Magic Software Enterprises
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163:Union Bank of Israel, Ltd.
17:Union Bank of Israel, Ltd.
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648:Electra Consumer Products
553:Africa Israel Investments
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289:שטיין, רון (2020-09-23).
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939:Mercantile Discount Bank
628:Gilat Satellite Networks
588:Brack Capital Properties
540:Tel Aviv Stock Exchange
189:, is the sixth largest
623:Delta Galil Industries
1146:Israeli company stubs
758:Mellanox Technologies
981:Union Bank of Israel
961:Bank Mizrahi-Tefahot
935:Israel Discount Bank
843:Teva Pharmaceuticals
838:Union Bank of Israel
718:Israel Discount Bank
663:EZchip Semiconductor
583:Bank Mizrahi-Tefahot
198:Bank Mizrahi-Tefahot
975:Bank Otsar Ha-Hayal
848:Tower Semiconductor
196:In September 2020,
146:www.unionbank.co.il
133:Number of employees
127:40.8 billion (2014)
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783:Ormat Technologies
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703:Shikun & Binui
603:Israel Canada LTD.
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493:(in English)
474:Banks portal
446:. Retrieved
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119:Total equity
109:225 million
76:Headquarters
40:Company type
970:Bank Massad
949:Other banks
913:Major banks
688:Gazit-Globe
618:Delek Group
593:BAZAN Group
563:Alrov Group
485:(in Hebrew)
396:(in Hebrew)
371:(in Hebrew)
346:(in Hebrew)
321:(in Hebrew)
1120:Categories
991:See also:
925:Bank Leumi
833:SodaStream
743:LivePerson
578:Bank Leumi
448:2024-02-25
424:2024-02-25
400:2024-09-05
375:2024-09-05
350:2024-09-05
325:2024-09-05
300:2024-02-25
230:References
96:Net income
828:Shufersal
773:NICE Ltd.
683:Fox Group
443:TheMarker
419:TheMarker
187:Bank Igud
678:Frutarom
558:Alvarion
274:26 March
81:Tel Aviv
48:Industry
818:Plasson
723:Isramco
653:Evogene
608:Cellcom
568:Babylon
205:History
191:Israeli
177::
142:Website
66: (
58:Founded
52:Banking
778:Oramed
738:Kamada
728:Ituran
536:TA 125
295:Globes
268:Globes
185:name,
183:Hebrew
167:Hebrew
111:(2015)
87:Israel
43:Public
638:El Al
137:5,173
1077:stub
1019:stub
788:Osem
643:Elco
276:2013
248:מאיה
179:UNON
175:TASE
161:The
68:1951
61:1951
173:);
1122::
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165:(
125:₪
107:₪
70:)
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