Mizrahi Tefahot Bank
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בנק מזרחי טפחות
Head office: 7 Jabotinski St., Ramat-Gan, Israel Tel: +972-3-7559219
An Israeli commercial bank.
The bank accompanies construction projects in settlements constructed on occupied Palestinian territory, delivers services to settlement regional and local councils, as well as accompanies settlement infrastructure projects.
In 2020 and 2021, Mizrahi Tefahot Bank granted the Israeli company Avnei Derech a loan for its project in Alfei Menashe settlement, constructed according to plan no. 14\115 (on the Azzun village lands). The project includes the construction of 160 housing units in the settlement. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2020, the bank also granted the Israeli company Kotler Adika a loan for its construction project in the settlement neighborhood of Ramot in occupied East Jerusalem, and a mortgage on three plots in Ramot in 2021. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2019, Mizrahi Tefahot Bank granted a loan to the company Kotler Adika for its construction project in Ma'ale Adumim settlement in the occupied West Bank, according to plan No. 30\7\1\420, specifically on the lands Abu-Dis and al-Khan al-Ahmar. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2019, the bank granted Kotler Adika a loan according to tender 167\2018 for construction work in the settlement neighborhood of Ramat Shlomo in East Jerusalem, based on plan no. 11085- The Expansion of Ramat Shlomo by Additional 1600 Housing Units. The company won a contract to construct 96 housing units on 6677 meters of land. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2020, Mizrahi Tefahot Bank granted the Israeli company Epi Capital a loan for construction of 166 housing units in the settlement of Imanuel in the occupied West Bank. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2019, Mizrahi Tefahot Bank granted the company Turen Habayit Shelcha a loan for its construction project in the settlement of Ariel, according to plan no. 8\130 on the lands of Salfit and Marda. The company won a tender to construct 49 housing units in the settlements. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2017, Who Profits documented the vast involvement of the bank in settlement construction. The report showed that the bank accompanied construction projects in the following settlements: Ariel, Beitar Ilit, Ma'aleh Adumim and Modi'in Ilit in the occupied West Bank, and Har Homa, Neve Ya'akov, Pisgat Ze'ev and Ramat Shlomo in occupied East Jerusalem. Some of the projects were constructed by companies profiled on our database, such as Kotler Adika and Y.H. Dimri. Click here to read the full report about the involvement of the Israeli banks in the settlement enterprise from February 2017.
Services to settlement local and regional councils:
The Gush Etzion regional settlement council holds investment accounts in Mizrahi Tefahot Bank.
In 2021, the Gush Etzion Regional Council held investment accounts in the bank.
In 2021, the Efrat local council invested NIS 15 million divided between three investment firms and three banks, one of which is Mizrahi Tefahot Bank.
In 2021, the Alfei Menashe local council held a NIS 1.5 million collateral in Mizrahi Tefahot Bank for the council's debit account (account for short term loans).
In 2020, the Alfei Menashe Local Council held a NIS 5,504,000 loan from Mizrahi Tefahot Bank.
In 2021, the Jordan Valley regional council operated bank accounts in Mizrahi Tefahot Bank. In 2021, the Elkana local council held a credit agreement with Mizrahi Tefahot Bank. The credit can reach up to NIS 1,100,000.
In December 2020, the Golan regional council general assembly agreed to ask for a NIS 300,000 loan from the bank. Mizrahi Tefahot Bank holds a 99-year agreement (ends in 2117) with Kdumim local council. The bank holds as collateral the council's funds, limited to the sum NIS 2,300,000. The bank holds another 99-year agreement with the council (ends in 2118). It holds as collateral the council's funds, limited to the sum 2,400,000 NIS.
In 2017, Who Profits documented the vast involvement of the bank in providing services to settlement local and regional councils. The report has shown that the provided serviced to the following settlements: Har Hevron regional council, Kdumim local council, Alfei Menasheh local council, Jordan Valley Regional council and Karnei Shomron local council. Click here to read the full report about the involvement of the Israeli banks in the settlement enterprise from February 2017.
Branches in settlements:
The bank operates branches in the following settlement: Alon Shvut, Karnei Shomron and Mishor Adumim in the occupied West Bank, and Ramat Eshkol in occupied East Jerusalem. The bank also operates a branch in the Design City shopping complex in the Mishor Adumim settlement industrial zone. Click here to read Who Profits update on the Design City shopping complex.
Bank Yahav, a subsidiary of Mizrahi Tefahot, operates branches in the settlement neighborhood of Pisgat Ze'ev in occupied East Jerusalem and the settlement of Ma'aleh Adumim in the occupied West Bank.
An Israeli commercial bank.
The bank accompanies construction projects in settlements constructed on occupied Palestinian territory, delivers services to settlement regional and local councils, as well as accompanies settlement infrastructure projects.
In 2020 and 2021, Mizrahi Tefahot Bank granted the Israeli company Avnei Derech a loan for its project in Alfei Menashe settlement, constructed according to plan no. 14\115 (on the Azzun village lands). The project includes the construction of 160 housing units in the settlement. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2020, the bank also granted the Israeli company Kotler Adika a loan for its construction project in the settlement neighborhood of Ramot in occupied East Jerusalem, and a mortgage on three plots in Ramot in 2021. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2019, Mizrahi Tefahot Bank granted a loan to the company Kotler Adika for its construction project in Ma'ale Adumim settlement in the occupied West Bank, according to plan No. 30\7\1\420, specifically on the lands Abu-Dis and al-Khan al-Ahmar. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2019, the bank granted Kotler Adika a loan according to tender 167\2018 for construction work in the settlement neighborhood of Ramat Shlomo in East Jerusalem, based on plan no. 11085- The Expansion of Ramat Shlomo by Additional 1600 Housing Units. The company won a contract to construct 96 housing units on 6677 meters of land. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2020, Mizrahi Tefahot Bank granted the Israeli company Epi Capital a loan for construction of 166 housing units in the settlement of Imanuel in the occupied West Bank. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2019, Mizrahi Tefahot Bank granted the company Turen Habayit Shelcha a loan for its construction project in the settlement of Ariel, according to plan no. 8\130 on the lands of Salfit and Marda. The company won a tender to construct 49 housing units in the settlements. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2017, Who Profits documented the vast involvement of the bank in settlement construction. The report showed that the bank accompanied construction projects in the following settlements: Ariel, Beitar Ilit, Ma'aleh Adumim and Modi'in Ilit in the occupied West Bank, and Har Homa, Neve Ya'akov, Pisgat Ze'ev and Ramat Shlomo in occupied East Jerusalem. Some of the projects were constructed by companies profiled on our database, such as Kotler Adika and Y.H. Dimri. Click here to read the full report about the involvement of the Israeli banks in the settlement enterprise from February 2017.
Services to settlement local and regional councils:
The Gush Etzion regional settlement council holds investment accounts in Mizrahi Tefahot Bank.
In 2021, the Gush Etzion Regional Council held investment accounts in the bank.
In 2021, the Efrat local council invested NIS 15 million divided between three investment firms and three banks, one of which is Mizrahi Tefahot Bank.
In 2021, the Alfei Menashe local council held a NIS 1.5 million collateral in Mizrahi Tefahot Bank for the council's debit account (account for short term loans).
In 2020, the Alfei Menashe Local Council held a NIS 5,504,000 loan from Mizrahi Tefahot Bank.
In 2021, the Jordan Valley regional council operated bank accounts in Mizrahi Tefahot Bank. In 2021, the Elkana local council held a credit agreement with Mizrahi Tefahot Bank. The credit can reach up to NIS 1,100,000.
In December 2020, the Golan regional council general assembly agreed to ask for a NIS 300,000 loan from the bank. Mizrahi Tefahot Bank holds a 99-year agreement (ends in 2117) with Kdumim local council. The bank holds as collateral the council's funds, limited to the sum NIS 2,300,000. The bank holds another 99-year agreement with the council (ends in 2118). It holds as collateral the council's funds, limited to the sum 2,400,000 NIS.
In 2017, Who Profits documented the vast involvement of the bank in providing services to settlement local and regional councils. The report has shown that the provided serviced to the following settlements: Har Hevron regional council, Kdumim local council, Alfei Menasheh local council, Jordan Valley Regional council and Karnei Shomron local council. Click here to read the full report about the involvement of the Israeli banks in the settlement enterprise from February 2017.
Branches in settlements:
The bank operates branches in the following settlement: Alon Shvut, Karnei Shomron and Mishor Adumim in the occupied West Bank, and Ramat Eshkol in occupied East Jerusalem. The bank also operates a branch in the Design City shopping complex in the Mishor Adumim settlement industrial zone. Click here to read Who Profits update on the Design City shopping complex.
Bank Yahav, a subsidiary of Mizrahi Tefahot, operates branches in the settlement neighborhood of Pisgat Ze'ev in occupied East Jerusalem and the settlement of Ma'aleh Adumim in the occupied West Bank.
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Mizrahi Tefahot Bank
בנק מזרחי טפחות
Head office: 7 Jabotinski St., Ramat-Gan, Israel Tel: +972-3-7559219
An Israeli commercial bank.
The bank accompanies construction projects in settlements constructed on occupied Palestinian territory, delivers services to settlement regional and local councils, as well as accompanies settlement infrastructure projects.
In 2020 and 2021, Mizrahi Tefahot Bank granted the Israeli company Avnei Derech a loan for its project in Alfei Menashe settlement, constructed according to plan no. 14\115 (on the Azzun village lands). The project includes the construction of 160 housing units in the settlement. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2020, the bank also granted the Israeli company Kotler Adika a loan for its construction project in the settlement neighborhood of Ramot in occupied East Jerusalem, and a mortgage on three plots in Ramot in 2021. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2019, Mizrahi Tefahot Bank granted a loan to the company Kotler Adika for its construction project in Ma'ale Adumim settlement in the occupied West Bank, according to plan No. 30\7\1\420, specifically on the lands Abu-Dis and al-Khan al-Ahmar. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2019, the bank granted Kotler Adika a loan according to tender 167\2018 for construction work in the settlement neighborhood of Ramat Shlomo in East Jerusalem, based on plan no. 11085- The Expansion of Ramat Shlomo by Additional 1600 Housing Units. The company won a contract to construct 96 housing units on 6677 meters of land. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2020, Mizrahi Tefahot Bank granted the Israeli company Epi Capital a loan for construction of 166 housing units in the settlement of Imanuel in the occupied West Bank. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2019, Mizrahi Tefahot Bank granted the company Turen Habayit Shelcha a loan for its construction project in the settlement of Ariel, according to plan no. 8\130 on the lands of Salfit and Marda. The company won a tender to construct 49 housing units in the settlements. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2017, Who Profits documented the vast involvement of the bank in settlement construction. The report showed that the bank accompanied construction projects in the following settlements: Ariel, Beitar Ilit, Ma'aleh Adumim and Modi'in Ilit in the occupied West Bank, and Har Homa, Neve Ya'akov, Pisgat Ze'ev and Ramat Shlomo in occupied East Jerusalem. Some of the projects were constructed by companies profiled on our database, such as Kotler Adika and Y.H. Dimri. Click here to read the full report about the involvement of the Israeli banks in the settlement enterprise from February 2017.
Services to settlement local and regional councils:
The Gush Etzion regional settlement council holds investment accounts in Mizrahi Tefahot Bank.
In 2021, the Gush Etzion Regional Council held investment accounts in the bank.
In 2021, the Efrat local council invested NIS 15 million divided between three investment firms and three banks, one of which is Mizrahi Tefahot Bank.
In 2021, the Alfei Menashe local council held a NIS 1.5 million collateral in Mizrahi Tefahot Bank for the council's debit account (account for short term loans).
In 2020, the Alfei Menashe Local Council held a NIS 5,504,000 loan from Mizrahi Tefahot Bank.
In 2021, the Jordan Valley regional council operated bank accounts in Mizrahi Tefahot Bank. In 2021, the Elkana local council held a credit agreement with Mizrahi Tefahot Bank. The credit can reach up to NIS 1,100,000.
In December 2020, the Golan regional council general assembly agreed to ask for a NIS 300,000 loan from the bank. Mizrahi Tefahot Bank holds a 99-year agreement (ends in 2117) with Kdumim local council. The bank holds as collateral the council's funds, limited to the sum NIS 2,300,000. The bank holds another 99-year agreement with the council (ends in 2118). It holds as collateral the council's funds, limited to the sum 2,400,000 NIS.
In 2017, Who Profits documented the vast involvement of the bank in providing services to settlement local and regional councils. The report has shown that the provided serviced to the following settlements: Har Hevron regional council, Kdumim local council, Alfei Menasheh local council, Jordan Valley Regional council and Karnei Shomron local council. Click here to read the full report about the involvement of the Israeli banks in the settlement enterprise from February 2017.
Branches in settlements:
The bank operates branches in the following settlement: Alon Shvut, Karnei Shomron and Mishor Adumim in the occupied West Bank, and Ramat Eshkol in occupied East Jerusalem. The bank also operates a branch in the Design City shopping complex in the Mishor Adumim settlement industrial zone. Click here to read Who Profits update on the Design City shopping complex.
Bank Yahav, a subsidiary of Mizrahi Tefahot, operates branches in the settlement neighborhood of Pisgat Ze'ev in occupied East Jerusalem and the settlement of Ma'aleh Adumim in the occupied West Bank.
Ownership
The bank is owned by Wertheim Group, through M.W.Z. (Holdings) Ltd. (7.54%) and F & W (Registered Partnership) (13.02%), and Ofer Group Through L.Y.N (Holdings) Ltd which owns 21.36% of the total shares directly and through A.B.M. (Holdings) Ltd.
Other shareholders include: Excellence Haphoenix Group (5.84%); Harel Group (5.06%); Meitav Dash (5.00%).
Chairman of board- Mosheh Zeidamn
Director- Mosheh Lari
Subsidiaries
Union Bank Israel (100%); Bank Yahav for Government Employees (50%); Tefahtot Insurance Agency (1989) Ltd (100%); Etgar Portfolio Management of Mizrahi Tefahot Bank (100%); Mizrahi Tefahot Issuing Company (100%); Mizrahi Tefahot Trust Company (100%); UMT Re. Ltd (100%); Technology division of Mizrhai Tefahot Ltd (100%); Netzivim Properties & Equipment Ltd (100%); Mizrahi Tefahot Security Services Ltd (100%).
Partners
* This section refers to the company's general business partners