DOCSLIB.ORG

Of Israel Examiner of Banks

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Of Israel Examiner of Banks BANK OF ISRAEL EXAMINER OF BANKS ANNUAL STATISTICS OF THE BANKING SYSTEM 1975-1979 CON TEN T S Page 1. Introduction....................................................... xi 2. Institutions Included in the Digest •••••••••••••••.••.•.•••••••••.• xi 3. Division of Banking Institutions According to Size ••••••••••••..••• xv 4. Source of Statistical Data .•.••.•••.••••••••••••••••••••••••••••.•• xvi 5. Definitions ••••••••••••••••••••••••••.••••••• ,...................... xvii 6. Reclassification of Reported Items ••••••••••••••••••••••••••••••••• xxiii CHAPTER I - GENERAL DATA, ASSETS, AND LIABILITIES Table 1-1: Assets and Liabilities of the Banking Institutions, 1975- 1979 •••••••••••••••••••••••.•.••.•••.•••••••••••••••••••••••••••• 3 Table 1-2: Indicators for Development of the Banking System, 1954-1979 19 Table 1-3: Assets and Liabilities of Mortgage Banks, 1975-1979 •••••••• 20 Table 1-4: Assets and Liabilities of InveStment Banks, 1975-1979 .••••• 25 Table 1-5: Assets and Liabilities of Financial Institutions, 1975-1979 28 Table 1-6: Assets and Liabilities of Israeli Bank Branches in the Administered Areas, 1975-1979 ••••••••••.•••.••.•••.•••••••••.•••• 32 Table 1-7: Condensed Consolidated Balance Sheets of the Five Major Banking Groups, 1975-1979 •••••.•••••••••••••••••••••••••••••••••• 34 Table 1-8: Condensed Balance Sheets of the Industrial Investment Banks, 1978-1979 ••••••••••.•.•••..••••••••••••••••••••••••••••••••••.•.• 36 Table 1-9: Consumer Price Index and Exchange Rates of US $ and Deutsche Mark, 1975-1979 ••••••••..••••••.•.•••••••••••.•••••••••.••••••••• 38 Table 1-10: Exchange Rates of Certain Currencies - Representative Rates (Transfers and Cheeks), 1975-1979 •••••••••••••••••••••••••••.••.• 39 Diagram 1-1: Total Assets of the Banking Institutions in Israeli and Foreign Currency, Banking System, 1975-1979 •••..•..•..••••.•••••• 40 Diagram 1-2~ Contingent Accounts in Israeli and Foreign Currency, Banking System, 1975-1979 •••••••••••••••••••..•••••.•••..•••••••• 40 Diagram 1-3: Total Assets of Mortgage Banks, 1975-1979 •••••••••••••••. 40 Diagram 1-4: Total Assets of Investment Banks, 1975-1979 •••••••••••••• 40 Diagram 1-5: Consumer Price Index and Exchange Rates of U.S. $ and Deutsche Mark, 1975-1979 •••••••••••••••••••••••••••••.••••••••.•• 41 III CHAPTER II - STRUCTURE OF THE BANKING SYSTEM Table II-I: Number of Institutions in Banking System, 1975-1979 ••••••• 45 Table 11-2: Number of Offices of Banking Institutions, 1975-1979 •••••• 45 Table II-3: Concentration of the Banking Institutions, as Measured by the H Index, 1975-1979 ....•.....••••.••••••••••..•.••••.•.•.••••. 46 Table 11-4: Development of Banking Offices Abroad, Number of Offices, 1974-1979 •••••••••.••••.•••..•......••..•.••.•...•••••••••.••••.. 47 Table 11-5: Offices of the Banking Institutions, by Size, 1975-1979 50 Table 11-6: Indicators as to the Size of Branches of the Banking Institutions, 1979 •••••••••••••••....•.•.•••••••••••.••••••••••.• 52 Table 11-7: Indicators as to Density of Branches of Banking Instituti ons, by Size of Branch, 1979 •.•.•.•.•.•.•.•.•.•.•.•.•.•. 53 Appendix 11-8: Institutional Changes in the Banking System, 1975-1979 54 Appendix 11-9: Commercial Banking Institutions in each of the Banking Groups, 1975-1979 ••••••••.•••••.•.••••••••••••••.•••••••••••.••.. 58 Table 11-10: Floor Area of Bank Branches by Size of Branch, 1979 •••.••• 60 CHAPTER III - SOURCES AND USES OF FREELY LOANABLE FUNDS IN ISRAELI AND FOREIGN CURRENCY CHAPTER IV - LIQUIDITY IN ISRAELI AND FOREIGN CURRENCY Table IV-I: Liquid Assets, Exemptions from Liquidity, and Gross Liquidity Surpluses/Deficits, Banking System, 1975-1979 •••.••.•.• 67 Table IV-2: Liquid Assets, Exemptions from Liquidity, and Liquidity Surpluses/Deficits, by Size Groups, 1975-1979 •••••••••••••••••••• 71 Table IV-3: Distribution of Banks by Size of Deficit, 1975-1979 •••..•• 77 Table IV-4: Interest Rates on Liquid Assets in Israeli Currency, and Liquidity Requirements on Deposits of the Public in Israeli Currency, 1975-1980 •••••••••••.••..••••••••••••••.•.•••••.••.••.. 78 Table IV-5: Interest on Liquidity Deficits, 1974-1980 ..••.••.•.••..••• 80 Diagram IV-I: Liquidity Surpluses/Deficits of the Banking Institutions, 1975-1979 •••...•.•••••••.•••..•...••.••••••••••••.••.••.....••••. 81 Diagram IV-2: Ordinary Deposits of the Banking Institutions, 1975-1979 83 Diagram IV-3: Ordinary Credit Liable to Liquidity of the Banking Institutions, 1975-1979 ••.•••..••••...•.•.•••••••.•.•.•••••.•••.• 85 IV CHAPTER V - DEPOSITS IN ISRAELI AND FOREIGN CURRENCY Table V-1: Deposits in Israeli and Foreign Currency, 1975-1979 ••..••.•• 89 Table V-2: Deposits in Israeli and Foreign Currency, by Quarters, 1978-1979 .•••••••••••.••••...••••••.•.•.•....•..•.••.•.••••••••••. 91 Table V-3: Earmarked Deposits in Israeli Currency, by Quarters, 1978-1979 (without linkage differences) ..•••.•.•••..•••••••••••••. 93 Tabl~ V-4: Deposits in Israeli and Foreign Currency, by Size Groups, 1975-1979 ••••••••••••.••••..••....••••••.••••••••••••••••••••••••• 94 Table V-5: Deposits of the Public in Israeli and Foreign Currency, 1975-1979 •••...•••.•..•..••••••••.••••••.••••••••••.•••...•••••.•• 96 Table V-6: Deposits of the Public in Israeli and Foreign Currency, by Quarters, 1978-1979 ..••••••••••..•.•.••••.••••.••.••.••••.•••.•••• 98 Table V-7: Deposits of the Public in Israeli and Foreign Currency, by Size Groups, 1975-1979 •.•.•...•.•••••••.••••••••••••••••••••.••••• 100 Table V-8: Deposits of the Public in Israeli Currency, 1975-1979 ••••••• 102 Table V-9: Deposits of the Public in Israeli Currency, by Quarters, 1978-1979 •••••••••..•..••..•••.••••••••••••••••••••••••••••••••••• 104 Table V-10: Earmarked Deposits in Israeli Currency, 1975-1979 .•••••••••. 106 Table V-11: Time Deposits, by Period of Deposit, 1975-1979 •••••.••.••••• 107 Table V-12: Time Deposits, by Period of Deposit, by Quarters, 1978-1979 108 Table V-13: Debits to Israel: Currency Demand Deposit Accounts by Size Groups, 1975-1979 .•••••••••••••••••••.•••••.•••••••••••••••••••••. 109 Table V-14: Distribution of Israeli Currency Demand Deposits According to Size of Deposit, 1975-1979 ••.•••••..••••••.••••••••..••••••••••••• 110 Table V-15: Distribution of Israeli Currency Time Deposits According to Size of Deposit, 1975-1979 .•••••••••••••••••••.••••.•••.•••••••••. 112 Table V-16: Distribution of Approved Saving Schemes According to Amount of Savings, 1975-1979 •••••••.••••••••••••••••••••.•••.••..•••••••• 114 Table V-17: Distribution of Public's Foreign Currency Deposits According to Size of Deposit, Banking System •••••••••••.•••.•••••••••••••••• 116 Table V-18: Distribution of Israeli Currency Demand Deposits According to Interest Rates, 1975-1979 .••••••••••••••••••••.••.....•••••••••••• 120 Table V-19: Distribution of Israeli Currency Time Deposits According to Interest Rates, 1975-1979 ..••.•.••.••••••••••••••••••••••••••••••• 121 V Table V-20: Distribution of Negotiable Certificates of Deposit in Israeli Currency, Banking System, 1979 •••••••••••.••••••••••••••• 123 Table V-21: Distribution of Negotiable Certificates of Deposit by Interest Rates, Banking System, 1979 ••••••••••.•••••••••••••••••• 123 Diagram V-I: Deposits of the Public in Israeli and Foreign Currency, 1975-1979 •.•••••••••••••••••••••••••••••••••••••.•.•••••••••••••• 124 Diagram V-2: Deposits of the Public in Israeli Currency, Banking System, 1975-1979 •••••••••••••••••••••••••••••••••••••••••••••••• 124 Diagram V-3: Deposits of the Public in Foreign Currency, Banking System, 1975-1979 •••••••••••••••••••••••••••••••••••••••••••••••• 124 CHAPTER VI - BANK CREDIT, GUARANTEES, AND OTHER CONTINGENT ACCOUNTS Table VI-I: Credit to the Public in Israeli and Foreign Currency, 1975-1979 ••••••••••••••••••••••••••••••••••••••.••••••.•••••••••• 127 Table VI-2: Credit to the Public in Israeli and Foreign Currency, by Quarters, 1978-1979 •••••••••••••••••••••••••••••••••••••••••••••• 129 Table VI-3: Contingent Accounts in Israeli and Foreign Currency, Banking System, 1975-1979 ••••••••••••••.•.•••.•.•••.••••••••••••• 131 Table VI-4: Credit to the Public in Israeli and Foreign Currency, by Size Groups, 1975-1979 ••••••••••••••••••••••••••••••••••••••••••• 132 Table VI-5: Total Credit Guarantees and Other Guarantees, 1976-1979 134 Table VI-6: Distribution of Ordinary Credit in Israeli Currency, by Interest Rates, 1975-1979 •••••••••••••••••••••••••••••••••••••••• 136 Table VI-7: Distribution of Directed Credit in Israeli Currency, by Interest Rates, 1975-1979 ••••••••••••••••••.••••••••.•••••••••••• 138 Table VI-8: Directed Credit in Israeli Currency and Foreign Currency, 1975-1979 •••••••••••••••••••••••••••••••••••••••••••••••••••••••• 140 Table VI-9: Directed Credit in Israeli Currency and Foreign Currency, by Quarters, 1978-1979 ••••••••••••••••••••••••••••••••••••••••••• 141 Table VI-I0: Directed Credit for Exports in Israeli and Foreign Currency, 1975-1979 •••••••••••••••••••••••••••••••••••••••••••••• 142 Table VI-II: Directed Credit for Exports in Israeli and Foreign Currency, by Quarters, 1978-1979 ••••••••••••••••••••••••••••••••• 143 VI Table VI-12: Directed Credit for Domestic Production in Israeli Currency, 1975-1979 ••••••••••••.•••.••••••••.•••••••••••••••••••• 144 Table VI-13: Directed Credit for Domestic Production in Israeli Currency, by Quarters, 1978-1979 •••.•••••••••• ~.................. 145 Table VI-14: Composition and Terms of Directed Credit Funds, 1975-1979 • 146 Table VI-15: Manufacturing Fund for Export, Rates of Financing in IL per Dollar of Export,
Load more

Recommended publications
  • 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]
  • 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]
  • 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.
    [Show full text]
  • Bank Hapoalim Annual Report 2012 Worldreginfo - F5fe760c-Cdf6-43Cc-95F4-Ba6e66f9c662 the Bank Hapoalim Group Major Subsidiaries & Affiliates
    2012 Bank Hapoalim Annual Report 2012 WorldReginfo - f5fe760c-cdf6-43cc-95f4-ba6e66f9c662 The Bank Hapoalim Group Major Subsidiaries & Affiliates Commercial Banks Asset Management Bank Hapoalim B.M. Poalim Sahar Ltd. Bank Hapoalim (Switzerland) Ltd. PAM - Poalim Asset Management (UK) Ltd. Bank Hapoalim (Luxembourg) S.A. Poalim Asset Management (Ireland) Ltd. Hapoalim (Latin America) S.A. Bank Hapoalim (Cayman) Ltd. Financial Companies Bank Pozitif Kredi Ve Kalkinma Bankasi a.s. Isracard Ltd. JSC Bank Pozitiv Kazakhstan(1) Poalim Express Ltd. Investment House (1) 100% owned by Bank Pozitif Poalim Capital Markets - Investment House Ltd. Trust Companies Poalim Trust Services Ltd. Underwriting Companies Poalim I.B.I. Managing and Underwriting Ltd. Portfolio Management Peilim – Portfolio Management Company Ltd. Hapoalim Securities USA, Inc. Consolidated Financial Highlights 2012 2011 2012 2011 NIS millions USD millions* Total Assets 376,399 356,662 100,830 95,543 Net Profit 2,543 2,746 681 736 Credit to the Public 249,182 246,495 66,751 66,031 Deposits from the Public 271,411 256,417 72,706 68,689 Shareholders' Equity 26,755 23,819 7,167 6,381 * US dollar figures have been converted at the representative exchange rate prevailing on December 31, 2012, NIS 3.733 = USD 1.00 2 Bank Hapoalim B.M. and its Consolidated Subsidiaries WorldReginfo - f5fe760c-cdf6-43cc-95f4-ba6e66f9c662 Group Profile Israel’s leading financial institution Since its founding in 1921, Bank Hapoalim has played Internationally, Bank Hapoalim operates through a a pivotal role in the rapid growth of Israel’s economy. network of subsidiaries, branches and representative Today Hapoalim continues to be the leading financial offices in the United States, Europe, South America institution in Israel.
    [Show full text]
  • Bank of Israel Annual Report of the Banks' Clearing House Committee
    Bank of Israel Annual Report of the Banks' Clearing House Committee 2015 Annual Report of the Banks' Clearing House Committee, 2015 © Bank of Israel Passages may be cited provided source is specified. Typesetting and design by the Bank of Israel http://www.bankisrael.org.il 2 Annual Report of the Banks' Clearing House Committee, 2015 CONTENTS Preface ................................................................................................. 5 1. Main Developments in 2015 ..................................................................................... 7 A. The Banks' Clearing House Committee ................................................................. 7 B. The Lawyers Committee ...................................................................................... 17 C. The Subcommittee for Clearing Diamond Denominated Accounts ..................... 18 D. The Entity for the Resolution of Disputes between the Banks—Clarifiers Panel 18 2. The Banks’ Clearing House .................................................................................... 19 A. Banks' Clearing House Committee ...................................................................... 19 B. Paper-based (Checks) Clearing House ................................................................. 19 E. C. Masav (Automated Clearing House) ............................................................... 21 3. Statistical Data and Analysis of Trends .................................................................. 24 A. The Paper-based Clearing House ........................................................................
    [Show full text]
  • The FIBI Group 2016 Corporate Social Responsibility Report 2 2016 Corporate Social Responsibility Report Table of Content
    The FIBI Group 2016 Corporate Social Responsibility Report 2 2016 Corporate Social Responsibility Report Table of Content INTRODUCTION A Word from the Chairman and Chief Executive Officer 4 Profile and Activity of the FIBI Group 6 About the Report 12 Dialogue with Stakeholders 18 Our Customers Serving diverse customers 23 Promoting diverse sectors and communities in Israeli society 28 Optimal service in all activity channels 41 Customer satisfaction 51 Upholding banking secrecy 60 Advancing customers’ financial understanding and incorporating long-term considerations in capital market activity 63 Fairness in banking products and services 75 Managing environmental and social risks in our business activity 79 Our Employees Managing the Group's human capital 83 Equal opportunity and workplace diversity 87 Professional training and personal development 94 Dialogue with the Group's employees 102 Supportive work environment 111 Our Management Corporate Governance 122 Compliance with the law 131 Creating value for stakeholders 135 Responsible supply chain 138 Business continuity 144 Upholding Integrity 145 Instilling ethics 149 Community outreach and investment 153 Managing environmental aspects of the Group’s activity 164 GRI Content Index 176 Quality Assurance Statement 182 2016 Corporate Social Responsibility Report 3 Dummy Text 4 2016 Corporate Social Responsibility Report A Word from the Chairman and Chief Executive Officer We are proud to present the fourth Corporate Social Responsibility Report of the First International Bank of Israel (FIBI) Group. The Report reviews the Group’s areas of activity in 2016 and presents its main actions in the areas of corporate social responsibility, reflecting the manner in which it promotes the creation of economic value alongside social and environmental values.
    [Show full text]
  • Acknowledgments
    Principal Supporters Amb. Ronald S. Lauder President of the World Jewish Congress, International businessman and Former President of the Jewish National Fund. Additionally serves as Chairman of the International Public Committee of the World Jewish Restitution Organization and Chairman of the Jewish Heritage Council. Former Chairman of the Conference of Presidents of Major American Jewish Organizations. Served as U.S. Ambassador to Austria and as Deputy Assistant Secretary of Defense for European and NATO policy. Established the Ronald S. Lauder Foundation, which has focused on Jewish education and outreach programs in Eastern Europe. Holds a B.A. in International Business from the Wharton School and a Certificate in International Business from the University of Brussels. The Friedrich-Ebert-Stiftung (FES) The Friedrich-Ebert-Stiftung (FES) is a non-profit organization with its roots in the German and International Social Democracy. The FES office in Israel contributes to enhancing German/European-Israeli relations, promoting peaceful coexistence between Israel and its neighbors, and strengthening Israeli civil society. For additional information: www.fes.org.il Nadav Fund For the Advancement of Jewish Heritage The NADAV Fund, founded in 2003 by Leonid Nevzlin and his partners with the vision of strengthening Jewish Peoplehood and fostering Jewish continuity, supports initiatives designed to advance understanding of Jewish Peoplehood and strengthen pride in being part of the Jewish People. The Fund's activities are centered on building meaningful and pluralistic Jewish identity and creating lasting connections among Jews in Israel and the world over, with an emphasis on the young generation. Through its grants the NADAV Fund seeks to ensure that Jewish Peoplehood in the 21 st century is rooted in thoughtful engagement with and profound understanding of the rich cultural, religious and historical legacy of the Jewish People.
    [Show full text]
  • Report Profundo
    French financial institutions financing companies profiting from the Israeli occupation of Palestinian territories A research paper prepared for Fair Finance France French and UK financial institutions financing companies profiting from the Israeli occupation of Palestinian territories A research paper prepared for Fair Finance France Barbara Kuepper Hassel Kroes 17 March 2017 Naritaweg 10 1043 BX Amsterdam The Netherlands Tel: +31-20-8208320 E-mail: [email protected] Website: www.profundo.nl Contents Introduction ................................................................................................................ 1 Chapter 1 Methodology ..................................................................................... 2 1.1 Objective .................................................................................................... 2 1.2 Identification of companies profiting from the occupation .................... 2 1.3 Links to financial institutions ................................................................... 5 1.3.1 Selection of financial institutions .................................................................. 5 1.3.2 Definition of financing activities ................................................................... 6 1.3.3 Identification and quantification of financial flows ........................................ 8 1.3.4 Estimates .................................................................................................... 8 1.3.5 Presentation of the data .............................................................................
    [Show full text]
  • Bank Hapoalim Worldwide
    Bank Hapoalim Annual Report 2005 Scoring Strategic Results 5 200 In 2005, the Bank began to vigorously pursue its long-term strategy, achieving important milestones in profitability, shareholder value, international expansion and domestic leadership. In addition to taking bold, proactive measures designed to promote its global objectives, the Bank also began to adapt and respond to a dramatically changing regulatory environment in its home market. These measures will expand, and, in certain domains, redefine the Bank’s relationships and offerings. While it is determined to adhere to disciplined implementation of measurable strategic goals, the Bank is concurrently nurturing a corporate culture that welcomes flexibility and challenge. The excellent results achieved in 2005 bode well for the continued success of the Bank’s strategic drive. 5 The Bank Hapoalim Group Major Subsidiaries & Affiliates 200 Commercial Banks(1) Financial Companies Bank Hapoalim B.M. Isracard Ltd. Bank Otsar Hahayal Ltd. (2) Europay (Eurocard) Israel Ltd. Bank Yahav For Government Employees Ltd. Aminit Ltd. Bank Massad Ltd. Poalim American Express Ltd. Bank Hapoalim (Switzerland) Ltd. Sure-Ha International Ltd. Bank of New York – Inter-Maritime Bank, Geneva(3) Bank Hapoalim (Luxembourg) S.A. Non-Financial Companies Hapoalim (Latin America) S.A. Clal Insurance Enterprises Holdings Ltd. Bank Hapoalim (Cayman) Ltd. Industrial Building Corporation Ltd.(6) Sheraton Moriah (Israel) Ltd. Investment Banks Delek Real Estate Ltd.(7) Poalim Capital Markets - Investment Bank Ltd. Trust Companies (1) On December 13, 2005, an agreement was signed in Istanbul, Turkey, under which the Bank, through Tarshish Hapoalim Poalim Trust Services Ltd. Holdings and Investments Ltd., a wholly owned subsidiary, will acquire 57.55% of the means of control of C Kredi Ve Underwriting Companies Kalkinma Bankasi Anonim Sirketi (on January 1, 2006, the Poalim I.B.I.
    [Show full text]
  • PDF-Xchange 4.0 Examples
    Press Release May 28, 2018 First International Bank of Israel Presents First Quarter 2018 Results Highlights of the First Quarter of 2018 (versus the first quarter of 2017) Net profit of NIS 137 million; Net profit, after elimination of non-recurring items of NIS 169 million, a 2.5% growth; The main eliminated items: non-recurring payroll expense of NIS 45 million representing a provision for an award claimed by employees of the Bank; expenses of NIS 24 million for efficiency measures implemented by Otzar Ha- Haayal Bank; Return on equity of 7.2% and return on equity after elimination of non- recurring items of 9%; Credit to the public grew by 1.9% during the first quarter (versus year- end 2017), and by 5% versus the corresponding period last year; The household and private banking segments grew 10.1%, middle market businesses segment grew 10.5% and small businesses grew 6.0%; Growth of 13.5% in the assets of the bank’s customers; Growth of 9.6% in financing income from current operations; The efficiency ratio, excluding non-recurring items was 69.2% and this is compared with 71.9% over 2017. The ratio prior to the elimination of the non-recurring items was 74.8%; The ratio of Tier I equity capital to risk assets amounted to 10.07%; The comprehensive capital ratio amounted to 13.36%; Ms. Smadar Berber-Tsadik, President and CEO of the First International Bank Group, commented, "The results for the first quarter reflect the continued growth of the Group. They also include a provision for future efficiency measures, which will enable us to continue to improve efficiencies at the Group, enhance our stability and better our ability to compete in the banking market." WorldReginfo - 53539fe7-be3f-4f9c-a279-e0f627a95e6f Profitability For the first quarter of 2018, net profit was NIS 137 million, a reduction of 17.5% as compared with the corresponding quarter last year.
    [Show full text]
  • Annual-Report.Pdf
    ISRAEL CREDIT CARDS LTD. TABLE OF CONTENTS BOARD OF DIRECTORS AND MANAGEMENT REPORT Report of the Board of Directors and Management - December 31, 2020 13 General Survey, Targets and Strategy 13 Summary description of the Company 13 Summary of main financial data 14 Holding structure 16 Organizational structure 17 Summary description of the main risks to which the Company is exposed 18 The outbreak of the Coronavirus 18 Business targets and strategy, and development expectations in the coming year 21 Explanations and Analysis of the Results and the Business Position 26 Trends, phenomena, developments and material changes 26 Changes in accounting policies 27 Material developments in income, expenses and other comprehensive income 27 The structure and development of assets, liabilities, capital and capital adequacy 34 Operating segments 42 Principal investee companies 46 Risk Review 48 General description of the risks and their management 48 Credit risk 54 Market and liquidity risks 64 Operational risk 69 Other risks 71 Critical Accounting Policy and Assessments, Controls and Procedures 77 Accounting policies on critical matters 77 Critical accounting assessments 77 Controls and procedures 82 Certification by the Chief Executive Officer 84 Certification by the Chief Accountant 85 Report of the Board of Directors and Management on the Internal Control over Financial Reporting 86 ISRAEL CREDIT CARDS LTD. FINANCIAL REPORT Report of the Independent Auditors to the Shareholders of Israel Credit Cards Ltd. - In Accordance with the Public Reporting
    [Show full text]
  • BANK HAPOALIM SUSTAINABILITY REPORT 2016 Economic, Social & Environmental Responsibility SOCIAL RESPONSIBILITY IT's in OUR HANDS BANK HAPOALIM Contents
    BANK HAPOALIM SUSTAINABILITY REPORT 2016 Economic, Social & Environmental Responsibility SOCIAL RESPONSIBILITY IT'S IN OUR HANDS BANK HAPOALIM Contents 4 34 78 106 132 152 Introduction The best interests Society and the Quality of life Living with the 156 Corporate Governance 04 Messages from the Chairman of of the client community and well-being environment 160 Ethics the Board and CEO Customers, products, and Creating value for society and for the well being and caring for Logistical resources and the 162 Compliance 07 The Bank’s Vision services economy employees environment 164 The Doing Good Model 12 Social Responsibility and Sustainability at the Bank 166 GRI & Global Compact Index 18 Presenting the Material Issues for Reporting 22 (Multi-year) Summary of Corporate Responsibility Performance 25 Adopting Responsible Initiatives 32 Activity Directions and Main Objectives for 2016 among households, segments and in this sector, reflecting the strength and - of which more than 50% are women population groups, such as new seniors professionalism of Bank Hapoalim. In - is an outstanding figure in the Israeli (people in or near retirement age), young recent years, the bank doubled the number economy, attesting to the uniqueness target audiences and through various of branches in Arab communities and, of the bank's work environment. This initiatives in the public sphere. Thus, for during the past year, two new branches year, as part of its human resources example, the bank took an active part in the have been opened in Arab communities. development efforts, the bank continued Financial Awareness Week project - during As part of our effort to strengthen ties with to train employees and managers through which bank customers and the public in Arab society in Israel, we are promoting courses at Poalim Campus, online training Israel were offered to participate in a series various initiatives for this sector on the and digital empowerment at the branches.
    [Show full text]