DOCSLIB.ORG

Figure 1.3 A

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Figure 1.3 A Bank Leumi Group Figure 1.3 A. Banking and finance in Israel Bank Leumi Le-Israel Ltd. (1) The structure of Israel's banking system and a Arab Israel Bank Ltd. (1) C. Capital market and financial companies investments in main investee companies , Leumi Mortgage Bank Ltd. (merged with Leumi Card Ltd.(5) Bank Hapoalim Group Bank Leumi Le-Israel Ltd. as of December Leumi Securities and Investments Ltd. (9) December 2012 Leumi Capital Market Services Ltd. (9) 31, 2012) (2) A. Banking and finance in Israel (1) Leumi Leasing and Investments Ltd. (3) The Bank Leumi Le-Israel Trust Co Ltd. (9) Bank Hapoalim Ltd. Leumi Finance Company Ltd. (4) Leumi Partners Ltd. (7)(9) Total assets: NIS 1,301 billion B. Banking and finance abroad (6) Leumi Industrial Development Bank Ltd. (7) D. Non-banking corporations Herfindahl index: H = 0.217 Bank Hapoalim (Switzerland) Ltd. Leumi Real Holdings Ltd. (7) The Israel Corporation Ltd. Bank Hapoalim (Luxembourg) Ltd. Leumi Financial Holdings Ltd. (7) CR 2 = 58% Bank Hapoalim (Cayman Islands) Ltd. B. Banking and finance abroad (6) Bank Hapoalim (Latin America) S.A. Bank Leumi (USA) Bank Pozitif Kredi Ve Kalkinma Bankasi A.S. (with Bank Leumi (UK) plc a holding in JSC Bank Pozitif) Leumi Private Bank S.A. C. Capital market and financial companies (9) Bank Leumi Luxembourg Isracard (5) Bank Leumi Romania Poalim Express Ltd. (5) Leumi International Investments NV Bank Leumi Group, Bank Hapoalim Group, Poalim Capital Markets Ltd. (8) Leumi Re Limited (9) 29% 29% Poalim Sahar Ltd. (9) The Bank Hapoalim Trust Co Ltd. (9) Poalim Asset Management (9) Other banking corporations Poalim Securities Ltd. (8) Israel Discount Bank Peilim Investment Portfolio Mgt. (9) A. Banking and finance in Israel (1) Other banks, 6% First International Group, 15% Union Bank of Israel Ltd. Mizrahi-Tefahot Bank Bank Group , 8% Bank of Jerusalem Ltd. Group , 12% Dexia Israel Bank Ltd. B. Foreign banks Citibank N.A. HSBC Bank PLC Barclays Capital PLC State Bank of India C. Financial institutions ‘Hesech’ Kupat Hisachon Lehinuch Ltd. Israel Discount Bank Group D. Joint service companies owned by the five major banking groups First International Bank Group A. Banking and finance in Israel (1) Automated Clearing House (Masav) Ltd. Mizrahi-Tefahot Bank Group Israel Discount Bank Ltd. Automated Banking Services (Shva) Ltd. A. Banking and finance in Israel (1) Mercantile Discount Bank Ltd. The First International Bank of Israel A. Banking and finance in Israel (1) The First International Bank of Israel Poalei Agudat Israel Bank Ltd. Mizrahi-Tefahot Bank Ltd. B. Banking and finance abroad (6) Definitions U–Bank (Israel) Ltd. Bank Yahav for Government Employees Ltd. Israel Discount Bank of New York (1) Commercial banks Otsar Hahayal Bank Ltd. B. Banking and finance abroad (6) Discount Bank (Latin America) (2) Mortgage banks Bank Massad Ltd. United Mizrahi Bank (Switzerland) Ltd IDB (Swiss) Bank Ltd. (3) Investment finance banks B. Banking and finance abroad (6) C. Capital market and financial companies (9) C. Capital market and financial companies (4) Financial institutions FIBI Bank (UK) plc ‘Etgar’ Portfolio Management Ltd. (4) Discount Leasing Ltd. (9) (5) Credit card companies FIBI Bank (Switzerland) Ltd. Mizrahi-Tefahot Issuing Company Ltd. (4) Manpikim––Discount Bank Issues Corporation (9) (6) Subsidiaries abroad C. Capital market and financial companies (9) ‘Tefahot’ Insurance Agency Ltd. (9) Discount Israel Capital Markets and Investments (7) Consolidated holding companies The First International Leasing Ltd. (9) Mizrahi-Tefahot Factoring (9) Ltd.(9) (8) Investment houses Modus Selective Investment Management and Investment Rosario Capital Ltd. (9) Tachlit Discount Portfolio Management Ltd. (9) (9) Capital market companies, including Consulting (9) Mizrahi-Tefahot Management Ltd. (9) Cal (Cartisey Ashrai Le'Israel)–Israel Credit Cards companies supplying operating services to U–Bank Investments and Holdings Ltd. (9) D. Non-banking corporations (consolidated Ltd. (5) institutions, and underwriting, trust, U–Bank Trust Company Ltd. (9) companies) Diners Club Israel Ltd. (5) leasing, insurance agencies, insurance, and Cal (Cartisey Ashrai Le'Israel)–Israel Credit Cards Ltd. (5) Pesagot Jerusalem Ltd. Discount Trust Ltd. (9) asset management companies. a Groups on consolidated basis. The calculation is based on total assets. SOURCE: Banking Supervision Department based on published financial reports. .
Load more

Recommended publications
  • Corporateresponsibility20112012
    1 LIST OF CONTENTS PART A: ABOUT ................................................................................................................................................................................4 Message from the Chairman of the Board of Directors and the President& CEO ................................. 5 About the Report ..................................................................................................................................................................... 7 Business Profile ........................................................................................................................................................................ 8 Corporate Responsibility Management ................................................................................................................... 17 Targets for the Chapter on Corporate Responsibility Management......................................................... 22 PART B: CORPORATE GOVERNANCE ...................................................................................................................................25 Leumi Board of Directors ..................................................................................................................................................26 Risk Management ..................................................................................................................................................................39 Compliance and Enforcement ........................................................................................................................................42
    [Show full text]
  • Bank Hapoalim B.M., Tel-Aviv, Israel
    Bank Hapoalim B.M., Tel-Aviv, Israel 2016 Resolution Plan – Public Section Bank Hapoalim B.M. (“Bank Hapoalim”) is a publicly held banking corporation organized and operating under Israeli law, and subject to comprehensive supervision by the Bank of Israel. In the United States, Bank Hapoalim owns (through PCM-HSU Holdings, Inc., a Delaware-incorporated holding company) Hapoalim Securities USA, a Delaware-incorporated SEC-registered broker-dealer that has offices in New York, California, and Florida. Bank Hapoalim also operates Bank Hapoalim B.M. New York Branch (the “Insured Branch”), a New York state-licensed FDIC-insured branch; Bank Hapoalim B.M. Plaza Branch and Bank Hapoalim Americas Tower Branch, New York state-licensed uninsured branches; Bank Hapoalim B.M. Miami Branch, a Florida state-licensed uninsured branch; and Bank Hapoalim B.M. Los Angeles Representative Office, a California state-licensed representative office. Despite the relatively limited size of its US operations, Bank Hapoalim is subject to US resolution planning requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act because it has consolidated assets on a global basis of over $50 billion. Because of the relatively limited size and simplified structure of its US operations, Bank Hapoalim’s initial resolution plan, filed in December 2013, was an abbreviated or “tailored” resolution plan and Banks Hapoalim’s second resolution plan, filed in December 2014, was a brief update to its 2013 plan. Based on their review of the 2014 plan, by letter dated July 24, 2015, the FDIC and the Board of Governors of the Federal Reserve System (the “Agencies”) authorized Bank Hapoalim to file a resolution plan that focuses solely on (i) material changes to its 2014 resolution plan; (ii) any actions taken to strengthen the effectiveness of its plan; and (iii) its strategy for ensuring that the Insured Branch will be adequately protected from risks arising from the activities of Bank Hapoalim’s nonbank subsidiaries.
    [Show full text]
  • Fact Sheet:Middle East and Africa ESG Screened Index Equity Sub
    EMEA_INST Managed Pension Funds Limited Middle East and Africa ESG Screened Index Equity Sub-Fund Equities 30 June 2021 Fund Objective Performance ® The Sub-Fund aims to track the FTSE Developed Annualised Fund Benchmark Difference Middle East and Africa ex Controversies ex CW 1 Year (%) 23.30 23.28 0.01 Index, or its recognised replacement or equivalent. 3 Year (%) 4.75 4.84 -0.09 Investment Strategy 5 Year (%) 0.78 0.89 -0.11 The Sub-Fund primarily invests at all times in a Since Inception (%) 4.04 4.18 -0.14 sample of equities constituting the Index with such other securities as MPF shall deem it necessary Cumulative to capture the performance of the Index. Stock 3 Month (%) 11.54 11.51 0.04 index futures can be used for efficient portfolio 1 Year (%) 23.30 23.28 0.01 management. 3 Year (%) 14.95 15.24 -0.29 The following are excluded by the index provider from the index: Controversies (as defined by the ten 5 Year (%) 3.96 4.52 -0.56 principles of the UN Global Compact); Controversial Since Inception (%) 65.75 68.57 -2.81 weapons (including chemical & biological weapons, cluster munitions and anti-personnel landmines). Calendar 2021 (year to date) 9.74 9.71 0.03 Benchmark 2020 -1.28 -1.47 0.19 FTSE Developed Middle East and Africa ex 2019 10.82 11.07 -0.24 Controversies ex CW Index 2018 -0.47 -0.12 -0.35 Structure 2017 -10.77 -10.66 -0.12 Limited Company Past performance is not a guarantee of future results.
    [Show full text]
  • Public Companies Profiting from Illegal Israeli Settlements on Palestinian Land
    Public Companies Profiting from Illegal Israeli Settlements on Palestinian Land Yellow highlighting denotes companies held by the United Methodist General Board of Pension and Health Benefits (GBPHB) as of 12/31/14 I. Public Companies Located in Illegal Settlements ACE AUTO DEPOT LTD. (TLV:ACDP) - owns hardware store in the illegal settlement of Ma'ale Adumim http://www.ace.co.il/default.asp?catid=%7BE79CAE46-40FB-4818-A7BF-FF1C01A96109%7D, http://www.machat.co.il/businesses.php, http://www.nytimes.com/2007/03/14/world/middleeast/14israel.html?_r=3&oref=slogin&oref=slogin&, http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=ACDP:IT ALON BLUE SQUARE ISRAEL LTD. (NYSE:BSI) - has facilities in the Barkan and Atarot Industrial Zones and operates supermarkets in many West Bank settlements www.whoprofits.org/company/blue- square-israel, http://www.haaretz.com/business/shefa-shuk-no-more-boycotted-chain-renamed-zol-b-shefa-1.378092, www.bsi.co.il/Common/FilesBinaryWrite.aspx?id=3140 AVGOL INDUSTRIES 1953 LTD. (TLV:AVGL) - has a major manufacturing plant in the Barkan Industrial Zone http://www.unitedmethodistdivestment.com/ReportCorporateResearchTripWestBank2010FinalVersion3.pdf (United Methodist eyewitness report), http://panjiva.com/Avgol-Ltd/1370180, http://www.haaretz.com/print-edition/business/avgol- sees-bright-future-for-nonwoven-textiles-in-china-1.282397 AVIS BUDGET GROUP INC. (NASDAQ:CAR) - leases cars in the illegal settlements of Beitar Illit and Modi’in Illit http://rent.avis.co.il/en/pages/car_rental_israel_stations, http://www.carrentalisrael.com/car-rental- israel.asp?refr= BANK HAPOALIM LTD. (TLV:POLI) - has branches in settlements; provides financing for housing projects in illegal settlements, mortgages for settlers, and financing for the Jerusalem light rail project, which connects illegal settlements with Jerusalem http://www.haaretz.com/print-edition/business/bank-hapoalim-to-lead-financing-for-jerusalem-light-rail-line-1.97706, http://www.whoprofits.org/company/bank-hapoalim BANK LEUMI LE-ISRAEL LTD.
    [Show full text]
  • W. TELFED August 1993 Vol
    W. TELFED August 1993 Vol. 19 No. 3 46 SOKOLOV (2nd Floor) RAMAT-HASHARON Tel. 03*5400070 Home 052-446967 Fax 03-5400077 Dear Friends, Hectic times these. I'm sure we're all anxiously watching events in S. Africa in the hope that the transition will be as peaceful as possible. Of course events in the north over the past week also add to one's daily worries. A bit difficult to talk about holidays and having a good time under such circumstances, but 1 suppose life must carry on and maybe "dafka" because of the daily strain you owe it to yourself to take a break every now and then!!! After the few blasts in Turkey, there has been a definite drop off in interest. The best deals are still to be had to Antalya, Marmaris etc. where a week's package H/Board can be had for approx. $585.- II! The Greek Islands of Rhodes, Crete, Samos, Santorini and Corfu are all being serviced by direct charter flights this summer with packages from $650 - $990 depending on type of hotel etc. With El-Al starting direct flights to Paphos in Cyprus its also become very popular this year with very inexpensive 3 nite 4 nite or 7 nite packages at beautiful hotels. All the above should carry on until the middle of October. SAA announced this week that as of beginning of September they are starting to fly twice a week to Jhb — on Monday and Wednesday, both flights in a 767. With 3 weekly flights planning your forthcoming trip to S.A.
    [Show full text]
  • Domestically Owned Versus Foreign-Owned Banks in Israel
    Domestic bank intermediation: domestically owned versus foreign-owned banks in Israel David Marzuk1 1. The Israeli banking system – an overview A. The structure of the banking system and its scope of activity Israel has a highly developed banking system. At the end of June 2009, there were 23 banking corporations registered in Israel, including 14 commercial banks, two mortgage banks, two joint-service companies and five foreign banks. Despite the spate of financial deregulation in recent years, the Israeli banking sector still plays a key role in the country’s financial system and overall economy. It is also highly concentrated – the five main banking groups (Bank Hapoalim, Bank Leumi, First International Bank, Israel Discount Bank and Mizrahi-Tefahot Bank) together accounted for 94.3% of total assets as of June 2009. The two largest groups (Bank Leumi and Bank Hapoalim) accounted for almost 56.8% of total assets. The sector as a whole and the large banking groups in particular are organised around the concept of “universal” banking, in which commercial banks offer a full range of retail and corporate banking services. Those services include: mortgages, leasing and other forms of finance; brokerage in the local and foreign capital markets; underwriting and investment banking; and numerous specialised services. Furthermore, until the mid-1990s, the banking groups were deeply involved in non-financial activities. However, a law passed in 1996 forced the banks to divest their controlling stakes in non-financial companies and conglomerates (including insurance companies). This development was part of a privatisation process which was almost completed in 2005 (with the important exception of Bank Leumi).
    [Show full text]
  • Discount Bank
    corporate responsibility 2018report 04 SOCIAL REPORT 2018 SOCIAL REPORT 2018 05 The Employees 94 Nurturing human capital policy 96 table of contents 05 Employee hiring 99 Discount Bank’s employees 98 Diversity and equal opportunity 104 The Discount values and their integration into the operation of the Bank 06 Maintaining employee rights 111 Discount Bank Summarized Sustainability Performance Table 08 Investing more in employees 120 About the report 10 Goals 136 Greetings from the Chairman and the President & CEO 12 01 Suppliers 138 Discount's eight Corporate Social Responsibility Report 14 Promotion of Responsible Procurement 140 Managing social responsibility at Discount 16 06 Goals 145 Dialogue with stakeholders 16 Discount for the community 146 The process of identifying the material topics 17 "Discount Sprint for the Future" 148 Reporting to the Global Compact 19 07 Discount volunteering in the community 152 Assurance examination 20 Investment in the community 154 Group profile and financial data 22 Goals 158 02 Discount Bank - General Overview 24 Green Discount 162 Mercantile Discount Bank General Overview 29 08 Policy 164 Israel Credit Cards Ltd. ("ICC") – General Overview 31 "Green Credit" 165 IDB Bank - General Overview 33 Promoting green building 166 Membership of organizations and external Initiatives 35 Responsible consumption of resources 168 Social Responsibility Ratings 36 Carbon footprint 172 Commendations and prizes 37 Goals 179 Discount Bank and the United Nations' sustainable development goals 38 Corporate Governance
    [Show full text]
  • A Description and Analysis of the Implementation of the Concentration Law and Its Economic
    A Description and Analysis of the Implementation of the Concentration Law and Its Economic Impact on the Israeli Economy Written by: Noam Botosh, Economist | Approved by: Ami Tzadik, Head of the Budgetary Control Department Date: February 25rd 2020 Economic Review www.knesset.gov.il/mmm Knesset Research and Information Center 1 | A Description and Analysis of the Implementation of the Concentration Law and Its Economic Impact on the Israeli Economy Summary This review was written at the request of MK Ofer Shelah, and it addresses the implementation of the Law for Promotion of Competition and Reduction of Concentration, 5774-2013 (herein, "the Concentration Law" or "the Law") and provides a preliminary analysis of the Law's impact on the Israeli economy. A Bank of Israel study from 2009 about business groups showed that, compared to other developed countries, the level of concentration in Israel is high, as reflected in the number of existing business groups, and that these groups possess high levels of financial leverage. The study suggested that this structure of business groups may constitute a risk to Israel's financial stability due to the groups' size and complexity. In October 2010, the Committee on Increasing Competitiveness in the Economy was established in order to examine general market competitiveness in Israel—mainly due to the existence of large business groups— and to recommend possible policy tools to promote market competitiveness. According to the committee's interim report, which was published in October 2011, the ownership structure of public companies in Israel is centralized, and the committee identified a phenomenon of large business groups controlling a large share of real and financial assets.
    [Show full text]
  • SA FUNDS INVESTMENT TRUST Form N-Q Filed 2016-11-23
    SECURITIES AND EXCHANGE COMMISSION FORM N-Q Quarterly schedule of portfolio holdings of registered management investment company filed on Form N-Q Filing Date: 2016-11-23 | Period of Report: 2016-09-30 SEC Accession No. 0001206774-16-007593 (HTML Version on secdatabase.com) FILER SA FUNDS INVESTMENT TRUST Mailing Address Business Address 10 ALMADEN BLVD, 15TH 10 ALMADEN BLVD, 15TH CIK:1075065| IRS No.: 770216379 | State of Incorp.:DE | Fiscal Year End: 0630 FLOOR FLOOR Type: N-Q | Act: 40 | File No.: 811-09195 | Film No.: 162016544 SAN JOSE CA 95113 SAN JOSE CA 95113 (800) 366-7266 Copyright © 2016 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number: 811-09195 SA FUNDS - INVESTMENT TRUST (Exact name of registrant as specified in charter) 10 Almaden Blvd., 15th Floor, San Jose, CA 95113 (Address of principal executive offices) (Zip Code) Deborah Djeu Chief Compliance Officer SA Funds - Investment Trust 10 Almaden Blvd., 15th Floor, San Jose, CA 95113 (Name and Address of Agent for Service) Copies to: Brian F. Link Mark D. Perlow, Esq. Vice President and Managing Counsel Counsel to the Trust State Street Bank and Trust Company Dechert LLP 100 Summer Street One Bush Street, Suite 1600 7th Floor, Mailstop SUM 0703 San Francisco, CA 94104-4446 Boston, MA 02111 Registrants telephone number, including area code: (800) 366-7266 Date of fiscal year end: June 30 Date of reporting period: September 30, 2016 Copyright © 2013 www.secdatabase.com.
    [Show full text]
  • Semi-Annual Report 31 March 2015 United Kingdom
    Schroder GAIA Semi-Annual Report 31 March 2015 United Kingdom R.C.S. Luxembourg B 148.818 Schroder GAIA Société d’Investissement à Capital Variable (SICAV) Semi-Annual Report 31 March 2015 No subscriptions can be received on the basis of periodical reports. Subscriptions are valid only if made on the basis of the current prospectus accompanied by the last available annual report or semi-annual report if published thereafter. Annual and semi-annual reports, the current prospectus and the Articles of Incorporation of Strategic Solutions (the ‘Company’) are available, free of charge, at the Company’s registered office, 5, rue Höhenhof, L-1736 Senningerberg, Grand Duchy of Luxembourg. Schroder GAIA Semi-Annual Report 31 March 2015 Page 5 Contents Schroder GAIA ...................................... 7 Information Addressed to UK Investors .................. 8 Board of Directors ................................... 9 Administration ...................................... 10 Directors’ Report .................................... 11 Investment Manager’s Report .......................... 12 Notes to the Financial Statements ...................... 13 Statement of Net Assets .............................. 29 Distribution of Investments by Industry . 33 Portfolio of Investments Schroder GAIA Cat Bond . 35 Schroder GAIA Egerton Equity . 36 Schroder GAIA Global Macro Bond . 37 Schroder GAIA KKR Credit * . 39 Schroder GAIA Paulson Merger Arbitrage . 40 Schroder GAIA QEP Global Absolute . 40 Schroder GAIA Sirios US Equity . 46 Appendix I - TER .................................... 47 * Please refer to the Directors' Report for the details of all corporate actions that occurred during the period under review. Schroder GAIA Semi-Annual Report 31 March 2015 Page 7 Schroder GAIA The Company Schroder GAIA (the ‘Company’) is an umbrella structured open-ended investment company with limited liability, organised as a ‘société anonyme’ and qualifies as a SICAV under Part I of the Law of 17 December 2010 amended.
    [Show full text]
  • Dimensional Funds PLC
    Dimensional Funds PLC Semi-Annual Report and Accounts 31 May 2012 Authorised and Regulated by the Financial Services Authority 1 No marketing notification has been submitted in Germany for the following sub-funds of Dimensional Funds PLC: European Core Equity Fund Sterling Inflation Linked Intermediate Duration Fixed Income Fund Sterling Inflation Linked Long Duration Fixed Income Fund U.S. Value Fund Sterling Ultra Short Fixed Income Fund Multi-Factor Conservative Fund Multi-Factor Balanced Fund Accordingly, these sub-funds must not be publicly marketed in Germany. 1 DIMENSIONAL FUNDS PLC Table of Contents Page General Information..................................................................................................................................................................................................................... 2 Investment Manager’s Reports .................................................................................................................................................................................................... 3 Balance Sheet ............................................................................................................................................................................................................................. 12 Profit and Loss Account............................................................................................................................................................................................................. 16 Statement
    [Show full text]
  • Glass-Steagall: the American Nightmare That Became the Israeli Dream
    Fordham Journal of Corporate & Financial Law Volume 9, Number 2 2004 Article 7 Glass-Steagall: The American Nightmare that Became the Israeli Dream Ehud Ofer∗ ∗ Copyright c 2004 by the authors. Fordham Journal of Corporate & Financial Law is produced by The Berkeley Electronic Press (bepress). http://ir.lawnet.fordham.edu/jcfl GLASS-STEAGALL: THE AMERICAN NIGHTMARE THAT BECAME THE ISRAELI DREAM Ehud Ofer* INTRODUCTION This Note will examine the securities activities of banks in Israel. The relatively new legislation dealing with this aspect-Regulation of Investment Advice and Investment Portfolio Management Law (the "Law")-was enacted in 1995 as a lesson learned from the Share Regulation Affair of October 1983 (the "Share Regulation Affair" or the "Crisis of 1983"). In many ways in economic history, 1983 was for Israel what 1929 was for the United States. This Note will compare Israel's episode with the U.S. episode and will use the comparison to review the adequacy of the Israeli legislative response to the Crisis of 1983. The Law was enacted, primarily, based on American experience and legislation. This Note will compare the legislation enacted in both countries. To better understand the differences, this Note will introduce the unique financial market in Israel. Furthermore, this Note will present the recent legislative development in the United States (i.e., Gramm-Leach-Bliley Act) which repealed parts of the Depression-era Glass-Steagall Act. The Note will examine the necessity of Israeli "adjustments" to the Law due to this new development. * Ehud Ofer is a graduate of the LL.M. program in Banking, Corporate and Finance Law at Fordham University School of Law.
    [Show full text]