Mizrahi Tefahot Bank בנק מזרחי טפחות
A major public Israeli commercial bank.
The bank provides financing for constructing housing projects in the settlements of Har homa, Ramat Rachel, Maale Adumim and Pisgat Ze'ev in the occupied West bank and East Jerusalem. These projects include seven projects of 377 housing units in Har Homa in the occupied East Jerusalem, carried out by Heftziba, Dona, Kotler Adika and sasi construction companies. In Ma'ale Adumim settlement, the bank financed at least 10 construction projects, which include about 369 housing units, a commercial center and Adumim park, carried out by Dona, Kotler-Adika and Sasi. The bank also financed a construction project by Kotler-Adika in Pisgat Ze'ev settlement, which includes 49 housing units. In addition, the bank financed a 128 housing units project in Ramat Rachel in East Jerusalem by R. Ela construction company.
Mizrahi-Tefahot provides loans and financial services to local authorities of settlements and Israeli businesses operating in the occupied territory and mortgages for homebuyers in settlements.
The bank cooperated with Y.H. Dimri, an Israeli construction company for marketing housing exclusively to the Israeli security officers.
A subsidiary of the bank (50%), Yahav Bank for Government Employees, has a branch in occupied East Jerusalem and a branch in the settlement of Maale adumim.
A subsidiary of the bank, British-Israel investments (subsidiary of Melisron of the Ofer group), owns and operates Adumim Mall in the settlement of Ma'ale Adumim in the occupied West Bank.
Click here to read the full report about the involvement of the Israeli banks in the financing of the occupation.
20% of shares are owned by Moshe (Muzi) Wertheim, the owner of the Central Bottling Company (Coca Cola Israel) and about 25% are owned by the Ofer Group.
Subsidiaries include: Yahav Bank for Government Employees (50%), Adanim Mortgage Bank, Kalia investments for development of the northern Dead Sea, UMTB Securities (US), United Mizrahi Overseas Holding (Holland), United Mizrahi Bank (Switzerland), United Mizrahi Global (Cayman), United Mizrahi Financial (UK).
Mizrahi Tefahot's trust company fully owns Office Depot Israel.
The bank's IT system was provided by Matrix.
7 Jabotinsky St.
Ramat Gan, 52520