Mizrahi Tefahot Bank
Full Text
בנק מזרחי טפחות בע"מ
Head office: Aba Hillel Silver St 13, Lod, 7129463, Israel. Tel.: +972-3-7559720
Mizrahi Tefahot Bank is an Israeli commercial bank that provides a variety of banking and mortgage services to the private and business sectors, including the construction and real estate sectors. Mizrahi Tefahot is Israel's third-largest bank by assets.
The bank operates in Israel and abroad and is engaged in commercial banking activities (business and retail), mortgage activities in Israel, capital market, pension consulting, and credit operations.
Mizrahi Tefahot Bank provides financial foundation and services for settlement activities and settlement expansion, and benefits from financial activity in illegal Israeli settlements in the occupied Palestinian territory.
Financing Construction and Infrastructure Projects in Illegal Settlements
Mizrahi Tefahot Bank provides financial infrastructure and mortgages to various construction companies for the purpose of building real estate projects and development of industrial zones in settlements in the occupied West Bank and East Jerusalem and holds the companies’ rights to the lands and projects as collateral. In addition, the bank provided private clients with mortgages for properties on privately owned Palestinian land in an illegal Israeli outpost in the occupied West Bank.
The bank financed construction projects in the settlements of Beitar Ilit, Ma’ale Adumim, Pisgat Ze’ev, Ariel, Revava, Alfei Menashe, Emanuel, Ofarim, Anaton (Almon), Alei Zahav, Kfar Adumim, Pedu'el, and Karnei Shomron in the occupied West Bank, and in the settlement neighborhoods of Ramot and Ramat Shlomo in occupied East Jerusalem.
Beitar Ilit
In January 2026, the bank granted Israeli construction company Denefit Real Estate a loan for a construction project of 14 housing units in the settlement of Beitar Ilit on 7.38 dunams (7,380 square meters) of lands (7,380 square meters) belonging to the Palestinian village of Nahalin in the occupied West Bank. The project is part of City Plan No. 426/1/3/21. The bank holds as collateral a first-degree lien on all the company’s rights in connection with the real estate, including by virtue of a tender published by the Commissioner of Abandoned and Government Property in the West Bank in the Civil Administration; the leasehold rights in the real estate; a contract for construction and development in Beitar Illit; and a contract for the construction of a public building signed between the company and the Municipality of Beitar Illit.
Ma’ale Adumim
In March 2022, the bank granted Israeli construction company Dalia Eliaspor Building Contracting Co. a loan for a construction project in the settlement of Ma’ale Adumim on a total area of 7.85 dunams of lands belonging to the Palestinian town of al-Eizariya in the occupied West Bank. The project is part of City Plans No. 420/1/3/51, 420/1/4/37, and 420/1/3/50 for residential development on lands of al-Eizariya. The bank holds as collateral a first-degree permanent lien on all the company's rights in the land and in the project according to a lease agreement between the company and the Commissioner of Abandoned and Government Property in the West Bank in the Civil Administration, and all rights to receive funds from purchasers and/or tenants of units and/or plots in the project.
In February 2018 and February 2019, the bank granted Kotler Adika a loan for a construction project of 46 housing units in the settlement of Ma’ale Adumim on 5.622 dunams of lands belonging to the Palestinian villages of Khan al-Ahmar and Abu Dis in the occupied West Bank. The project is part of City Plan No. 420/1/7/30. The bank holds as collateral a first-degree lien on all the company's rights to the land and the project, its rights to receive funds from purchasers and/or tenants of units and/or plots in the project, all rights towards the Commissioner of Abandoned and Government Property in the West Bank in the Civil Administration, and all rights in the project’s bank accounts maintained at Mizrahi Tefahot Bank.
Pisgat Ze’ev
In February 2022, the bank granted Israeli construction company Dona Engineering & Building Co. a loan for a construction project of 210 housing units on 9.802 dunams of land in the settlement neighborhood of Pisgat Ze'ev in occupied East Jerusalem, in accordance with City Plan No. 101-0330498. In February 2026, the bank granted the company a loan for the same project for which the bank holds the company’s rights to the land and the project. In February and June 2022, the bank granted the company two additional loans for the project in Pisgat Ze'ev, for which the bank holds as collateral a first-degree permanent lien on all the company’s rights of any kind and type in the land, and all its rights in the project’s bank account maintained at Mizrahi Tefahot Bank.
Ariel
In February 2022, the bank granted settlement-based construction company Har Kabir a mortgage for the purchase of 138.75 dunams of land which constitute a ground-attached industrial pavilion in the Ariel Industrial Zone on lands belonging to the Palestinian city of Salfit in the occupied West Bank. The bank holds as collateral a first-degree lien, without limitation in amount, on all the company’s rights under the sales agreement in connection with the land, funds, rent and insurance. The company is based in the settlement of Ariel in the occupied West Bank.
In 2019, Mizrahi Tefahot Bank granted Israeli construction 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.
Revava
In November 2022, Mizrahi Tefahot Bank maintained a bank account for settlement-based company, Shoam Israel Investment, for its residential construction project in the settlement of Revava in accordance with City Plan No. 170/4 for zoning and land use in the settlement. The company is based in the settlement of Alon Moreh in the occupied West Bank.
Alfei Menashe
In October 2020 and April 2021, the bank granted Israeli construction company Avney Derech Y.Y. a loan for a construction project in the settlement of Alfei Menashe on 1.179 dunam of lands belonging to the Palestinian town of Azzun in the occupied West Bank, in accordance with City Plan No. 115/14 for rezoning agricultural area to a residential area on the lands of Azzun. The bank holds as collateral a first-degree permanent lien on all the company's rights in the land and everything to be built on it, its rights to receive funds from purchasers and/or tenants of units and/or plots in the project, and all rights in the project’s bank accounts, which are maintained at Mizrahi Tefahot Bank.
Ramot
In 2021, Mizrahi Tefahot Bank granted Kotler Adika a mortgage for three plots in the settlement neighborhood of Ramot in occupied East Jerusalem.
Between March and November 2020, the bank granted Israeli construction company Kotler Adika four loans for a construction project of 80 housing units on 3.334 dunams of land in the settlement neighborhood of Ramot in occupied East Jerusalem. The project is part of City Plan No. 101-0483354 for Ramot Country Project for the development of an urban complex for housing, public buildings and institutions, open public spaces, and areas for sports and recreation. The bank holds as collateral a first-degree lien on all the company's rights in the land and the project, its rights to receive funds from purchasers and/or tenants of units and/or plots in the project, and all rights in the project’s bank accounts maintained at Mizrahi Tefahot Bank.
Emanuel
In September and December 2020, the bank granted Avney Derech Y.Y. a loan for a construction project in the settlement of Emanuel on a total of 27.549 dunam of lands belonging to the Palestinian town of Deir Istiya in the occupied West Bank, in accordance with City Plan No. 120/9. The bank holds as collateral a first-degree permanent lien on all the company's rights in the land, its rights to receive funds from purchasers and/or tenants of units and/or plots in the project, its rights towards the Commissioner of Abandoned and Government Property in the West Bank in the Civil Administration, and all rights in the project’s bank accounts maintained at Mizrahi Tefahot Bank.
In 2020, Mizrahi Tefahot Bank granted the Israeli company Effi Capital a loan for the construction of 166 housing units in the settlement of Emanuel 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.
Ramat Shlomo
Between 2016 and 2023, the bank granted Israeli construction company Kotler Adika loans for construction projects in the settlement neighborhood of Ramat Shlomo in occupied East Jerusalem.
In May 2023, Mizrahi Tefahot Bank provided Israeli company Kotler Adika with a mortgage for three plots in the settlement neighborhood of Ramat Shlomo in occupied East Jerusalem. The bank holds as collateral the company’s rights in the land, and all its rights arising from the insurance of the mortgaged assets.
In 2016, 2017, and 2019, the bank granted Kotler Adika loans for a construction project of 94 housing units on 6.610 dunam of land in the settlement neighborhood of Ramat Shlomo in occupied East Jerusalem, in accordance with City Plan. No 11085. The bank holds as collateral a first-degree lien on all the company's rights in the project accounts maintained at Mizrahi Tefahot Bank, all of the company's rights in the land and in the project, all of the company's rights to receive funds from purchasers and/or tenants of units and/or plots in the project, and all of the company's rights in connection with a lease or tender for the execution of public infrastructure.
In 2017, Who Profits documented additional involvement of the bank in settlement construction in the settlements of Ariel, Beitar Ilit, Ma'aleh Adumim and Modi'in Ilit in the occupied West Bank; and the settlement neighborhoods of Har Homa, Neve Ya'akov, Pisgat Ze'ev and Ramat Shlomo in occupied East Jerusalem. For more, see Who Profits’ 2017 report Financing Land Grab: The Direct Involvement of Israeli Banks in the Israeli Settlement Enterprise.
Bar-Amana Buildings Construction & Development Co.
Between 2001 and 2014, the bank granted Israeli construction company Bar-Amana Buildings Construction & Development Co. several mortgages and loans for construction projects in the settlements of Ofarim, Anaton (Almon), Alei Zahav, Kfar Adumim, Pedu'el, and Karnei Shomron in the occupied West Bank. Bar-Amana Buildings Construction & Development Co. is a construction and development company owned by the settlement movement Amana (Amana from the settlement movement of the Central Cooperative Association Gush Emunim). Amana is considered the main settlement arm of the settlers, working to establish illegal settlements and outposts in the occupied Palestinian territory. The company is based in the Ma'alot Dafna settlement neighborhood in occupied East Jerusalem.
In February 2017, the bank granted settlement-based construction company Har Kabir a loan for which the bank holds as collateral the company's rights to receive funds pursuant to orders from Bar Amana company in connection with a loan for the construction of houses in various settlements, to secure existing and future debts of the company to Mizrahi Tefahot Bank. Har Kabir is based in the settlement of Ariel in the occupied West Bank.
Greennet Recycling & Waste Treatment
The company operates a waste management facility in the Atarot Industrial Zone in occupied East Jerusalem.
In December 2024, the bank granted Greennet Recycling & Waste Treatment a loan for which it holds as collateral the company’s rights to funds, deposits and assets in the company's bank account maintained at Mizrahi Tefahot Bank.
In September 2017, the bank granted Greennet a loan for which it holds as collateral a first-degree floating lien on the company’s plant, equipment, assets, funds, property and rights, including rights to receive funds from customers and any other party.
In September 2017, the bank granted Greennet an additional loan, for which the bank holds as collateral a first-degree permanent lien on all the company’s rights pursuant to or in connection with an agreement for the receipt of waste treatment services with the Jerusalem Municipality.
Mitzpe Kramim
In 2018, Mizrahi Tefahot Bank provided mortgage loans for the purchase of real estate on Palestinian privately owned land in the Mitzpe Kramim illegal Israeli outpost in the Jordan Valley in the occupied West Bank.
Banking Services to Settlement Local and Regional Councils
Mizrahi Tefahot Bank provides loans, credit and banking services to settlements regional and local councils in the occupied West Bank. These loans can be used to develop infrastructure, build public facilities and provide municipal services to the residents of the settlement.
Mizrahi Tefahot Bank has provided loans, credit facilities and various banking services for 130 settlements in the occupied West Bank. These include the Gush Etzion Regional Council (consisting of 24 settlements), the Har Hevron Regional Council (consisting of 23 settlements in the South Hebron Hills area), the Jordan Valley Regional Council (consisting of 21 settlements in the Jordan Valley area), and the Mateh Binyamin Regional Council (consisting of 52 settlements), and the settlements of Alfei Menashe, Beit Aryeh, Efrat, Elkana, Emanuel, Har Adar, Karnei Shomron, Kdumim, Oranit, and Sha’ar Shomron in the occupied West Bank.
Gush Etzion Regional Council
As of April 2026, Mizrahi Tefahot Bank had 10 active pledge agreements with the Gush Etzion Regional Council. The Gush Etzion Regional Council consists of 24 settlements in the occupied West Bank.
In January 2026, Mizrahi Bank signed a pledge agreement with the Gush Etzion Regional Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 12,500,000.
In February 2025, Mizrahi Bank signed a pledge agreement with the Gush Etzion Regional Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 12,500,000.
In November 2024, Mizrahi Bank signed a pledge agreement with the Gush Etzion Regional Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 12,500,000.
In February 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Gush Etzion Regional Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 19 million.
Har Hevron Regional Council
As of April 2026, Mizrahi Tefahot Bank had 11 active pledge agreements with the Har Hevron Regional Council. The Har Hevron Regional Council consists of23 settlements in the South Hebron Hills area in the occupied West Bank.
In March 2026, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 8,000,000.
In March 2026, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 2,000,000.
In February 2026, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 3,000,000.
In September 2025, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 3,080,000.
In March 2025, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 6,080,000.
In December 2024, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 6,080,000.
According to the Regional Council’s meeting protocols, in 2024 and 2025, the bank provided the council with NIS 3,080,000 million credit facilities. In November 2024, the council approved a request for a NIS 10 million credit increase from Mizrahi Tefahot Bank.
According to the Regional Council’s meeting protocols, in 2024, Mizrahi Tefahot Bank granted the Har Hevron Regional Council a NIS 2 million loan to cover a deficit. In 2023, Mizrahi Tefahot Bank and Bank Leumi granted loans in the amount of NIS 16 million loan to the Har Hevron Regional Council. In November 2023, the Har Hevron Regional Council’s assembly approved a credit loan of NIS 3,250,000 from Mizrahi Tefahot Bank for 2024.
In February 2023, the Har Hevron Regional Council’s assembly approved an updated credit loan of NIS 3,250,000 from Mizrahi Tefahot Bank according to the banks' requirements, including the encumbrance and pledge of the council's revenues. The loan will be taken from the bank’s branch in the settlement of Alon Shvut. As of January 2023, the Har Hevron Regional Council maintained a bank account at Mizrahi Tefahot Bank for a school in its jurisdiction.
In December 2022, the Har Hevron Regional Council’s assembly approved an application for a NIS 3,000,000 credit loan from Mizrahi Tefahot Bank for 2023. In May 2022, the Har Hevron Regional Council’s assembly approved taking a NIS 2 million loan for 15 years from Mizrahi Tefahot Bank.
Jordan Valley Regional Council
As of April 2026, Mizrahi Tefahot Bank had 1 active pledge agreement with the Jordan Valley Regional Council. The Jordan Valley Regional Council (also known as Arvot HaYarden Regional Council) consists of 21 settlements in the Jordan Valley area in the occupied West Bank.
In January 2025, Mizrahi Bank signed a pledge agreement with the Jordan Valley Regional Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 10,000,000.
In June 2019, Mizrahi Tefahot Bank signed a pledge agreement with the Jordan Valley Regional Council for a period of 99 years (ends 2118) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 5 million.
According to the Regional Council’s meeting protocols, as of September 2025, the bank maintained the council’s school bank account.
Mateh Binyamin Regional Council
As of April 2026, Mizrahi Tefahot Bank had 3 active pledge agreements with the Mateh Binyamin Regional Council. The Mateh Binyamin Regional Council consists of 52 settlements in the central occupied West Bank.
In September 2005, December 2005 and April 2006, Mizrahi Tefahot Bank signed 3 pledge agreements with the Mateh Binyamin Regional Council for a period of 99 years (ending 2104 and 2105) for which the bank holds properties in the settlement of Psagot as collateral.
Alfei Menashe
As of April 2026, Mizrahi Tefahot Bank had 10 active pledge agreements with the Alfei Menashe Local Council.
In January 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Alfei Menashe Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 1,400,000.
In December 2020, Mizrahi Tefahot Bank signed a pledge agreement with the Alfei Menashe Local Council for a period of 99 years (ends 2119) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 3,567,000.
According to the Alfei Menashe Local Council’s meeting protocols, in 2021, the 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 Council held a NIS 5,504,000 loan from Mizrahi Tefahot Bank.
Beit Aryeh
As of April 2026, Mizrahi Tefahot Bank had 2 active pledge agreements with the Beit Aryeh Local Council.
In December 2019, Mizrahi Tefahot Bank signed a pledge agreement with the Beit Aryeh Local Council for a period of 99 years (ends 2118) for which the bank holds all the council's revenues, including property tax and financial levies as collateral.
According to the Local Council’s meeting protocols, in August 2022, the council’s assembly meeting approved the opening of an account at Mizrahi-Tefahot Bank.
Efrat
As of April 2026, Mizrahi Tefahot Bank had 5 active pledge agreements with the Efrat Local Council.
In January 2026, Mizrahi Bank signed a pledge agreement with the Efrat Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 5,500,000.
In November 2024, Mizrahi Bank signed a pledge agreement with the Efrat Local Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 5,500,000.
In November 2024, Mizrahi Bank signed a pledge agreement with the Efrat Local Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 12,000,000.
In October 2024, Mizrahi Bank signed a pledge agreement with the Efrat Local Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 5,500,000.
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.
Elkana
As of April 2026, Mizrahi Tefahot Bank had 15 active pledge agreements with the Elkana Local Council.
In February 2026, Mizrahi Bank signed a pledge agreement with the Elkana Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 1,300,000.
In March 2025, Mizrahi Bank signed a pledge agreement with the Elkana Local Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 1,300,000.
In February 2024, Mizrahi Tefahot Bank signed a pledge agreement with the Elkana Local Council for a period of 99 years (ends 2123) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 1,150,000.
In June 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Elkana Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 750,000.
According to the Council’s meeting protocols, in September 2024, the council opened two bank accounts at Mizrahi Tefahot Bank for the council funds and parents' funds. In January 2024, the Elkana Local Council’s assembly approved a credit loan of NIS 1,150,000 for 2024 from Mizrahi-Tefahot Bank.
In January 2023, the Local Council’s assembly approved a credit loan of NIS 1,500,000 for 2023 from Mizrahi Tefahot Bank. In February 2022, the Local Council’s assembly approved the transfer of its long-term loans from Union Bank to Mizrahi Tefahot Bank, following their merger.
Emanuel
As of April 2026, Mizrahi Tefahot Bank had 7 active pledge agreements with the Emanuel Local Council.
In March 2026, Mizrahi Bank signed a pledge agreement with the Emanual Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 450,000.
In March 2024, Mizrahi Tefahot Bank signed a pledge agreement with the Emanuel Local Council for a period of 99 years (ends 2123) against all the council's revenues, including property tax and financial levies limited to a total of NIS 450,000.
In May 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Emanuel Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 450,000.
According to the Emanuel Local Council’s meeting protocols, in November 2023, the council’s assembly approved a credit loan of NIS 450,000 for 2024 from Mizrahi Tefahot Bank against the council’s revenue encumbrance.
Har Adar
As of April 2026, Mizrahi Tefahot Bank had 1 active pledge agreement with the Har Adar Local Council.
In April 2025, Mizrahi Bank signed a pledge agreement with the Har Adar Local Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 1,500,000.
Karnei Shomron
As of April 2026, Mizrahi Tefahot Bank had 20 active pledge agreements with the Karnei Shomron Local Council.
In January 2026, Mizrahi Bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 4,570,000.
In August 2025, Mizrahi Bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 3,192,870.
In May 2024, Mizrahi Tefahot Bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2123) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 3,962,000 million.
In May 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 4 million.
According to the council’s meeting protocols, as of September 2023, the Karnei Shomron Local Council held NIS 5 million in a short-term deposit at Mizrahi Bank. In 2022, the council held a NIS 400,000 loan in a checking account at Mizrahi Tefahot Bank for the council's community center. In 2023, the council approved a NIS 500,000 loan from the bank for the community center. In January 2023, the Karnei Shomron Local Council approved a NIS 4 million credit loan from Mizrahi Tefahot Bank for 2023 and increased its current account credit from NIS 500,000 to NIS 1 million.
Kdumim
As of April 2026, Mizrahi Tefahot Bank had 9 active pledge agreements with the Kdumim Local Council.
In February 2026, Mizrahi Bank signed a pledge agreement with the Kedumim Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 3,000,000.
In January 2024, Mizrahi Tefahot Bank signed a pledge agreement with the Kedumim Local Council for a period of 99 years (ends 2123) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 2,750,000.
In May 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Kedumim Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 2,750,000.
According to the Council’s meeting protocols, as of August 2025, the bank maintained a bank account for the council's library, which was designated for transferring funds from the Ministry of Culture and Sports to the council. In November 2024, the council approved a NIS 3,150,000 short term loan from the bank. As of October 2024, the bank maintained the council’s school bank account.
Oranit
As of April 2026, Mizrahi Tefahot Bank had 1 active pledge agreement with the Oranit Local Council.
In September 2022, Mizrahi Tefahot Bank signed a pledge agreement with the Oranit Local Council for a period of 99 years (ends 2121), for which the bank holds all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 1,100,000, and all the council's rights from the mortgaged properties’ insurance.
According to the Council’s meeting protocols from March 2024, the main activity of the council's funds is conducted at Bank Mizrahi and Leumi Bank.
Sha’ar Shomron
As of April 2026, Mizrahi Tefahot Bank had 3 active pledge agreements with the Sha’ar Shomron Local Council.
In May 2025, Mizrahi Bank signed a pledge agreement with the Sha’ar Shomron Local Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 7,850,000.
According to the minutes of the council meetings, in January 2023, the Sha'ar Shomron Local Council approved the opening of accounts at Mizrahi Bank for two schools within the council's jurisdiction. In July 2022, the Sha’ar Shomron Local Council opened a bank account in Mizrahi Bank.
In 2017, Who Profits documented the previous involvement of the bank in providing services to settlement local and regional councils. For more, see Who Profits report Financing Land Grab: The Direct Involvement of Israeli Banks in the Israeli Settlement Enterprise.
Branches in Settlements
Bank Mizrahi Tefahot operates branches providing banking services in settlements in the occupied West Bank and East Jerusalem.
The bank operates branches in the settlements of Efrat, Karnei Shomron (two branches), Ma’ale Adumim and Modiin Ilit in the occupied West Bank, and in the settlement neighborhoods of Pisgat Zeev, Ramat Eshkol, and Ramot in occupied East Jerusalem, and in the Old City in East Jerusalem.
Bank Mizrahi’s subsidiary, Bank Yahav, operates branches in the settlement of Ma’ale Adumim in the occupied West Bank and in the settlement neighborhood of Pisgat Ze’ev in occupied East Jerusalem.
Services for Soldiers
Mizrahi Tefahot Bank offers a “soldier account” for soldiers up to the age of 21.5 in regular service and Hesder yeshiva members, a program that combines advanced Talmudic studies with military service.
Bank Yahav offers special conditions for soldiers who open an account with the bank, such as exemption from fees and a credit line with a special interest rate.
Services to the Israel Police
Bank Yahav serves as the bank for state employees, including Israel Police and Israel Prison Service officers, and offers them exclusive benefits.
Through a special arrangement between the Israel Police and Bank Yahav, the bank offers subsidized loans to police officers and special loans to Israel Prison Service officers.
Mizrahi Tefahot Bank is an Israeli commercial bank that provides a variety of banking and mortgage services to the private and business sectors, including the construction and real estate sectors. Mizrahi Tefahot is Israel's third-largest bank by assets.
The bank operates in Israel and abroad and is engaged in commercial banking activities (business and retail), mortgage activities in Israel, capital market, pension consulting, and credit operations.
Mizrahi Tefahot Bank provides financial foundation and services for settlement activities and settlement expansion, and benefits from financial activity in illegal Israeli settlements in the occupied Palestinian territory.
Financing Construction and Infrastructure Projects in Illegal Settlements
Mizrahi Tefahot Bank provides financial infrastructure and mortgages to various construction companies for the purpose of building real estate projects and development of industrial zones in settlements in the occupied West Bank and East Jerusalem and holds the companies’ rights to the lands and projects as collateral. In addition, the bank provided private clients with mortgages for properties on privately owned Palestinian land in an illegal Israeli outpost in the occupied West Bank.
The bank financed construction projects in the settlements of Beitar Ilit, Ma’ale Adumim, Pisgat Ze’ev, Ariel, Revava, Alfei Menashe, Emanuel, Ofarim, Anaton (Almon), Alei Zahav, Kfar Adumim, Pedu'el, and Karnei Shomron in the occupied West Bank, and in the settlement neighborhoods of Ramot and Ramat Shlomo in occupied East Jerusalem.
Beitar Ilit
In January 2026, the bank granted Israeli construction company Denefit Real Estate a loan for a construction project of 14 housing units in the settlement of Beitar Ilit on 7.38 dunams (7,380 square meters) of lands (7,380 square meters) belonging to the Palestinian village of Nahalin in the occupied West Bank. The project is part of City Plan No. 426/1/3/21. The bank holds as collateral a first-degree lien on all the company’s rights in connection with the real estate, including by virtue of a tender published by the Commissioner of Abandoned and Government Property in the West Bank in the Civil Administration; the leasehold rights in the real estate; a contract for construction and development in Beitar Illit; and a contract for the construction of a public building signed between the company and the Municipality of Beitar Illit.
Ma’ale Adumim
In March 2022, the bank granted Israeli construction company Dalia Eliaspor Building Contracting Co. a loan for a construction project in the settlement of Ma’ale Adumim on a total area of 7.85 dunams of lands belonging to the Palestinian town of al-Eizariya in the occupied West Bank. The project is part of City Plans No. 420/1/3/51, 420/1/4/37, and 420/1/3/50 for residential development on lands of al-Eizariya. The bank holds as collateral a first-degree permanent lien on all the company's rights in the land and in the project according to a lease agreement between the company and the Commissioner of Abandoned and Government Property in the West Bank in the Civil Administration, and all rights to receive funds from purchasers and/or tenants of units and/or plots in the project.
In February 2018 and February 2019, the bank granted Kotler Adika a loan for a construction project of 46 housing units in the settlement of Ma’ale Adumim on 5.622 dunams of lands belonging to the Palestinian villages of Khan al-Ahmar and Abu Dis in the occupied West Bank. The project is part of City Plan No. 420/1/7/30. The bank holds as collateral a first-degree lien on all the company's rights to the land and the project, its rights to receive funds from purchasers and/or tenants of units and/or plots in the project, all rights towards the Commissioner of Abandoned and Government Property in the West Bank in the Civil Administration, and all rights in the project’s bank accounts maintained at Mizrahi Tefahot Bank.
Pisgat Ze’ev
In February 2022, the bank granted Israeli construction company Dona Engineering & Building Co. a loan for a construction project of 210 housing units on 9.802 dunams of land in the settlement neighborhood of Pisgat Ze'ev in occupied East Jerusalem, in accordance with City Plan No. 101-0330498. In February 2026, the bank granted the company a loan for the same project for which the bank holds the company’s rights to the land and the project. In February and June 2022, the bank granted the company two additional loans for the project in Pisgat Ze'ev, for which the bank holds as collateral a first-degree permanent lien on all the company’s rights of any kind and type in the land, and all its rights in the project’s bank account maintained at Mizrahi Tefahot Bank.
Ariel
In February 2022, the bank granted settlement-based construction company Har Kabir a mortgage for the purchase of 138.75 dunams of land which constitute a ground-attached industrial pavilion in the Ariel Industrial Zone on lands belonging to the Palestinian city of Salfit in the occupied West Bank. The bank holds as collateral a first-degree lien, without limitation in amount, on all the company’s rights under the sales agreement in connection with the land, funds, rent and insurance. The company is based in the settlement of Ariel in the occupied West Bank.
In 2019, Mizrahi Tefahot Bank granted Israeli construction 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.
Revava
In November 2022, Mizrahi Tefahot Bank maintained a bank account for settlement-based company, Shoam Israel Investment, for its residential construction project in the settlement of Revava in accordance with City Plan No. 170/4 for zoning and land use in the settlement. The company is based in the settlement of Alon Moreh in the occupied West Bank.
Alfei Menashe
In October 2020 and April 2021, the bank granted Israeli construction company Avney Derech Y.Y. a loan for a construction project in the settlement of Alfei Menashe on 1.179 dunam of lands belonging to the Palestinian town of Azzun in the occupied West Bank, in accordance with City Plan No. 115/14 for rezoning agricultural area to a residential area on the lands of Azzun. The bank holds as collateral a first-degree permanent lien on all the company's rights in the land and everything to be built on it, its rights to receive funds from purchasers and/or tenants of units and/or plots in the project, and all rights in the project’s bank accounts, which are maintained at Mizrahi Tefahot Bank.
Ramot
In 2021, Mizrahi Tefahot Bank granted Kotler Adika a mortgage for three plots in the settlement neighborhood of Ramot in occupied East Jerusalem.
Between March and November 2020, the bank granted Israeli construction company Kotler Adika four loans for a construction project of 80 housing units on 3.334 dunams of land in the settlement neighborhood of Ramot in occupied East Jerusalem. The project is part of City Plan No. 101-0483354 for Ramot Country Project for the development of an urban complex for housing, public buildings and institutions, open public spaces, and areas for sports and recreation. The bank holds as collateral a first-degree lien on all the company's rights in the land and the project, its rights to receive funds from purchasers and/or tenants of units and/or plots in the project, and all rights in the project’s bank accounts maintained at Mizrahi Tefahot Bank.
Emanuel
In September and December 2020, the bank granted Avney Derech Y.Y. a loan for a construction project in the settlement of Emanuel on a total of 27.549 dunam of lands belonging to the Palestinian town of Deir Istiya in the occupied West Bank, in accordance with City Plan No. 120/9. The bank holds as collateral a first-degree permanent lien on all the company's rights in the land, its rights to receive funds from purchasers and/or tenants of units and/or plots in the project, its rights towards the Commissioner of Abandoned and Government Property in the West Bank in the Civil Administration, and all rights in the project’s bank accounts maintained at Mizrahi Tefahot Bank.
In 2020, Mizrahi Tefahot Bank granted the Israeli company Effi Capital a loan for the construction of 166 housing units in the settlement of Emanuel 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.
Ramat Shlomo
Between 2016 and 2023, the bank granted Israeli construction company Kotler Adika loans for construction projects in the settlement neighborhood of Ramat Shlomo in occupied East Jerusalem.
In May 2023, Mizrahi Tefahot Bank provided Israeli company Kotler Adika with a mortgage for three plots in the settlement neighborhood of Ramat Shlomo in occupied East Jerusalem. The bank holds as collateral the company’s rights in the land, and all its rights arising from the insurance of the mortgaged assets.
In 2016, 2017, and 2019, the bank granted Kotler Adika loans for a construction project of 94 housing units on 6.610 dunam of land in the settlement neighborhood of Ramat Shlomo in occupied East Jerusalem, in accordance with City Plan. No 11085. The bank holds as collateral a first-degree lien on all the company's rights in the project accounts maintained at Mizrahi Tefahot Bank, all of the company's rights in the land and in the project, all of the company's rights to receive funds from purchasers and/or tenants of units and/or plots in the project, and all of the company's rights in connection with a lease or tender for the execution of public infrastructure.
In 2017, Who Profits documented additional involvement of the bank in settlement construction in the settlements of Ariel, Beitar Ilit, Ma'aleh Adumim and Modi'in Ilit in the occupied West Bank; and the settlement neighborhoods of Har Homa, Neve Ya'akov, Pisgat Ze'ev and Ramat Shlomo in occupied East Jerusalem. For more, see Who Profits’ 2017 report Financing Land Grab: The Direct Involvement of Israeli Banks in the Israeli Settlement Enterprise.
Bar-Amana Buildings Construction & Development Co.
Between 2001 and 2014, the bank granted Israeli construction company Bar-Amana Buildings Construction & Development Co. several mortgages and loans for construction projects in the settlements of Ofarim, Anaton (Almon), Alei Zahav, Kfar Adumim, Pedu'el, and Karnei Shomron in the occupied West Bank. Bar-Amana Buildings Construction & Development Co. is a construction and development company owned by the settlement movement Amana (Amana from the settlement movement of the Central Cooperative Association Gush Emunim). Amana is considered the main settlement arm of the settlers, working to establish illegal settlements and outposts in the occupied Palestinian territory. The company is based in the Ma'alot Dafna settlement neighborhood in occupied East Jerusalem.
In February 2017, the bank granted settlement-based construction company Har Kabir a loan for which the bank holds as collateral the company's rights to receive funds pursuant to orders from Bar Amana company in connection with a loan for the construction of houses in various settlements, to secure existing and future debts of the company to Mizrahi Tefahot Bank. Har Kabir is based in the settlement of Ariel in the occupied West Bank.
Greennet Recycling & Waste Treatment
The company operates a waste management facility in the Atarot Industrial Zone in occupied East Jerusalem.
In December 2024, the bank granted Greennet Recycling & Waste Treatment a loan for which it holds as collateral the company’s rights to funds, deposits and assets in the company's bank account maintained at Mizrahi Tefahot Bank.
In September 2017, the bank granted Greennet a loan for which it holds as collateral a first-degree floating lien on the company’s plant, equipment, assets, funds, property and rights, including rights to receive funds from customers and any other party.
In September 2017, the bank granted Greennet an additional loan, for which the bank holds as collateral a first-degree permanent lien on all the company’s rights pursuant to or in connection with an agreement for the receipt of waste treatment services with the Jerusalem Municipality.
Mitzpe Kramim
In 2018, Mizrahi Tefahot Bank provided mortgage loans for the purchase of real estate on Palestinian privately owned land in the Mitzpe Kramim illegal Israeli outpost in the Jordan Valley in the occupied West Bank.
Banking Services to Settlement Local and Regional Councils
Mizrahi Tefahot Bank provides loans, credit and banking services to settlements regional and local councils in the occupied West Bank. These loans can be used to develop infrastructure, build public facilities and provide municipal services to the residents of the settlement.
Mizrahi Tefahot Bank has provided loans, credit facilities and various banking services for 130 settlements in the occupied West Bank. These include the Gush Etzion Regional Council (consisting of 24 settlements), the Har Hevron Regional Council (consisting of 23 settlements in the South Hebron Hills area), the Jordan Valley Regional Council (consisting of 21 settlements in the Jordan Valley area), and the Mateh Binyamin Regional Council (consisting of 52 settlements), and the settlements of Alfei Menashe, Beit Aryeh, Efrat, Elkana, Emanuel, Har Adar, Karnei Shomron, Kdumim, Oranit, and Sha’ar Shomron in the occupied West Bank.
Gush Etzion Regional Council
As of April 2026, Mizrahi Tefahot Bank had 10 active pledge agreements with the Gush Etzion Regional Council. The Gush Etzion Regional Council consists of 24 settlements in the occupied West Bank.
In January 2026, Mizrahi Bank signed a pledge agreement with the Gush Etzion Regional Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 12,500,000.
In February 2025, Mizrahi Bank signed a pledge agreement with the Gush Etzion Regional Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 12,500,000.
In November 2024, Mizrahi Bank signed a pledge agreement with the Gush Etzion Regional Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 12,500,000.
In February 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Gush Etzion Regional Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 19 million.
Har Hevron Regional Council
As of April 2026, Mizrahi Tefahot Bank had 11 active pledge agreements with the Har Hevron Regional Council. The Har Hevron Regional Council consists of23 settlements in the South Hebron Hills area in the occupied West Bank.
In March 2026, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 8,000,000.
In March 2026, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 2,000,000.
In February 2026, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 3,000,000.
In September 2025, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 3,080,000.
In March 2025, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 6,080,000.
In December 2024, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 6,080,000.
According to the Regional Council’s meeting protocols, in 2024 and 2025, the bank provided the council with NIS 3,080,000 million credit facilities. In November 2024, the council approved a request for a NIS 10 million credit increase from Mizrahi Tefahot Bank.
According to the Regional Council’s meeting protocols, in 2024, Mizrahi Tefahot Bank granted the Har Hevron Regional Council a NIS 2 million loan to cover a deficit. In 2023, Mizrahi Tefahot Bank and Bank Leumi granted loans in the amount of NIS 16 million loan to the Har Hevron Regional Council. In November 2023, the Har Hevron Regional Council’s assembly approved a credit loan of NIS 3,250,000 from Mizrahi Tefahot Bank for 2024.
In February 2023, the Har Hevron Regional Council’s assembly approved an updated credit loan of NIS 3,250,000 from Mizrahi Tefahot Bank according to the banks' requirements, including the encumbrance and pledge of the council's revenues. The loan will be taken from the bank’s branch in the settlement of Alon Shvut. As of January 2023, the Har Hevron Regional Council maintained a bank account at Mizrahi Tefahot Bank for a school in its jurisdiction.
In December 2022, the Har Hevron Regional Council’s assembly approved an application for a NIS 3,000,000 credit loan from Mizrahi Tefahot Bank for 2023. In May 2022, the Har Hevron Regional Council’s assembly approved taking a NIS 2 million loan for 15 years from Mizrahi Tefahot Bank.
Jordan Valley Regional Council
As of April 2026, Mizrahi Tefahot Bank had 1 active pledge agreement with the Jordan Valley Regional Council. The Jordan Valley Regional Council (also known as Arvot HaYarden Regional Council) consists of 21 settlements in the Jordan Valley area in the occupied West Bank.
In January 2025, Mizrahi Bank signed a pledge agreement with the Jordan Valley Regional Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 10,000,000.
In June 2019, Mizrahi Tefahot Bank signed a pledge agreement with the Jordan Valley Regional Council for a period of 99 years (ends 2118) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 5 million.
According to the Regional Council’s meeting protocols, as of September 2025, the bank maintained the council’s school bank account.
Mateh Binyamin Regional Council
As of April 2026, Mizrahi Tefahot Bank had 3 active pledge agreements with the Mateh Binyamin Regional Council. The Mateh Binyamin Regional Council consists of 52 settlements in the central occupied West Bank.
In September 2005, December 2005 and April 2006, Mizrahi Tefahot Bank signed 3 pledge agreements with the Mateh Binyamin Regional Council for a period of 99 years (ending 2104 and 2105) for which the bank holds properties in the settlement of Psagot as collateral.
Alfei Menashe
As of April 2026, Mizrahi Tefahot Bank had 10 active pledge agreements with the Alfei Menashe Local Council.
In January 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Alfei Menashe Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 1,400,000.
In December 2020, Mizrahi Tefahot Bank signed a pledge agreement with the Alfei Menashe Local Council for a period of 99 years (ends 2119) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 3,567,000.
According to the Alfei Menashe Local Council’s meeting protocols, in 2021, the 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 Council held a NIS 5,504,000 loan from Mizrahi Tefahot Bank.
Beit Aryeh
As of April 2026, Mizrahi Tefahot Bank had 2 active pledge agreements with the Beit Aryeh Local Council.
In December 2019, Mizrahi Tefahot Bank signed a pledge agreement with the Beit Aryeh Local Council for a period of 99 years (ends 2118) for which the bank holds all the council's revenues, including property tax and financial levies as collateral.
According to the Local Council’s meeting protocols, in August 2022, the council’s assembly meeting approved the opening of an account at Mizrahi-Tefahot Bank.
Efrat
As of April 2026, Mizrahi Tefahot Bank had 5 active pledge agreements with the Efrat Local Council.
In January 2026, Mizrahi Bank signed a pledge agreement with the Efrat Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 5,500,000.
In November 2024, Mizrahi Bank signed a pledge agreement with the Efrat Local Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 5,500,000.
In November 2024, Mizrahi Bank signed a pledge agreement with the Efrat Local Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 12,000,000.
In October 2024, Mizrahi Bank signed a pledge agreement with the Efrat Local Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 5,500,000.
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.
Elkana
As of April 2026, Mizrahi Tefahot Bank had 15 active pledge agreements with the Elkana Local Council.
In February 2026, Mizrahi Bank signed a pledge agreement with the Elkana Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 1,300,000.
In March 2025, Mizrahi Bank signed a pledge agreement with the Elkana Local Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 1,300,000.
In February 2024, Mizrahi Tefahot Bank signed a pledge agreement with the Elkana Local Council for a period of 99 years (ends 2123) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 1,150,000.
In June 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Elkana Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 750,000.
According to the Council’s meeting protocols, in September 2024, the council opened two bank accounts at Mizrahi Tefahot Bank for the council funds and parents' funds. In January 2024, the Elkana Local Council’s assembly approved a credit loan of NIS 1,150,000 for 2024 from Mizrahi-Tefahot Bank.
In January 2023, the Local Council’s assembly approved a credit loan of NIS 1,500,000 for 2023 from Mizrahi Tefahot Bank. In February 2022, the Local Council’s assembly approved the transfer of its long-term loans from Union Bank to Mizrahi Tefahot Bank, following their merger.
Emanuel
As of April 2026, Mizrahi Tefahot Bank had 7 active pledge agreements with the Emanuel Local Council.
In March 2026, Mizrahi Bank signed a pledge agreement with the Emanual Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 450,000.
In March 2024, Mizrahi Tefahot Bank signed a pledge agreement with the Emanuel Local Council for a period of 99 years (ends 2123) against all the council's revenues, including property tax and financial levies limited to a total of NIS 450,000.
In May 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Emanuel Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 450,000.
According to the Emanuel Local Council’s meeting protocols, in November 2023, the council’s assembly approved a credit loan of NIS 450,000 for 2024 from Mizrahi Tefahot Bank against the council’s revenue encumbrance.
Har Adar
As of April 2026, Mizrahi Tefahot Bank had 1 active pledge agreement with the Har Adar Local Council.
In April 2025, Mizrahi Bank signed a pledge agreement with the Har Adar Local Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 1,500,000.
Karnei Shomron
As of April 2026, Mizrahi Tefahot Bank had 20 active pledge agreements with the Karnei Shomron Local Council.
In January 2026, Mizrahi Bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 4,570,000.
In August 2025, Mizrahi Bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 3,192,870.
In May 2024, Mizrahi Tefahot Bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2123) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 3,962,000 million.
In May 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 4 million.
According to the council’s meeting protocols, as of September 2023, the Karnei Shomron Local Council held NIS 5 million in a short-term deposit at Mizrahi Bank. In 2022, the council held a NIS 400,000 loan in a checking account at Mizrahi Tefahot Bank for the council's community center. In 2023, the council approved a NIS 500,000 loan from the bank for the community center. In January 2023, the Karnei Shomron Local Council approved a NIS 4 million credit loan from Mizrahi Tefahot Bank for 2023 and increased its current account credit from NIS 500,000 to NIS 1 million.
Kdumim
As of April 2026, Mizrahi Tefahot Bank had 9 active pledge agreements with the Kdumim Local Council.
In February 2026, Mizrahi Bank signed a pledge agreement with the Kedumim Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 3,000,000.
In January 2024, Mizrahi Tefahot Bank signed a pledge agreement with the Kedumim Local Council for a period of 99 years (ends 2123) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 2,750,000.
In May 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Kedumim Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 2,750,000.
According to the Council’s meeting protocols, as of August 2025, the bank maintained a bank account for the council's library, which was designated for transferring funds from the Ministry of Culture and Sports to the council. In November 2024, the council approved a NIS 3,150,000 short term loan from the bank. As of October 2024, the bank maintained the council’s school bank account.
Oranit
As of April 2026, Mizrahi Tefahot Bank had 1 active pledge agreement with the Oranit Local Council.
In September 2022, Mizrahi Tefahot Bank signed a pledge agreement with the Oranit Local Council for a period of 99 years (ends 2121), for which the bank holds all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 1,100,000, and all the council's rights from the mortgaged properties’ insurance.
According to the Council’s meeting protocols from March 2024, the main activity of the council's funds is conducted at Bank Mizrahi and Leumi Bank.
Sha’ar Shomron
As of April 2026, Mizrahi Tefahot Bank had 3 active pledge agreements with the Sha’ar Shomron Local Council.
In May 2025, Mizrahi Bank signed a pledge agreement with the Sha’ar Shomron Local Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 7,850,000.
According to the minutes of the council meetings, in January 2023, the Sha'ar Shomron Local Council approved the opening of accounts at Mizrahi Bank for two schools within the council's jurisdiction. In July 2022, the Sha’ar Shomron Local Council opened a bank account in Mizrahi Bank.
In 2017, Who Profits documented the previous involvement of the bank in providing services to settlement local and regional councils. For more, see Who Profits report Financing Land Grab: The Direct Involvement of Israeli Banks in the Israeli Settlement Enterprise.
Branches in Settlements
Bank Mizrahi Tefahot operates branches providing banking services in settlements in the occupied West Bank and East Jerusalem.
The bank operates branches in the settlements of Efrat, Karnei Shomron (two branches), Ma’ale Adumim and Modiin Ilit in the occupied West Bank, and in the settlement neighborhoods of Pisgat Zeev, Ramat Eshkol, and Ramot in occupied East Jerusalem, and in the Old City in East Jerusalem.
Bank Mizrahi’s subsidiary, Bank Yahav, operates branches in the settlement of Ma’ale Adumim in the occupied West Bank and in the settlement neighborhood of Pisgat Ze’ev in occupied East Jerusalem.
Services for Soldiers
Mizrahi Tefahot Bank offers a “soldier account” for soldiers up to the age of 21.5 in regular service and Hesder yeshiva members, a program that combines advanced Talmudic studies with military service.
Bank Yahav offers special conditions for soldiers who open an account with the bank, such as exemption from fees and a credit line with a special interest rate.
Services to the Israel Police
Bank Yahav serves as the bank for state employees, including Israel Police and Israel Prison Service officers, and offers them exclusive benefits.
Through a special arrangement between the Israel Police and Bank Yahav, the bank offers subsidized loans to police officers and special loans to Israel Prison Service officers.
Mizrahi Tefahot Bank is an Israeli commercial bank that provides a variety of banking and mortgage services to the private and business sectors, including the construction and real estate sectors. Mizrahi Tefahot is Israel's third-largest bank by assets.
The bank operates in Israel and abroad and is engaged in commercial banking activities (business and retail), mortgage activities in Israel, capital market, pension consulting, and credit operations.
Mizrahi Tefahot Bank provides financial foundation and services for settlement activities and settlement expansion, and benefits from financial activity in illegal Israeli settlements in the occupied Palestinian territory.
Financing Construction and Infrastructure Projects in Illegal Settlements
Mizrahi Tefahot Bank provides financial infrastructure and mortgages to various construction companies for the purpose of building real estate projects and development of industrial zones in settlements in the occupied West Bank and East Jerusalem and holds the companies’ rights to the lands and projects as collateral. In addition, the bank provided private clients with mortgages for properties on privately owned Palestinian land in an illegal Israeli outpost in the occupied West Bank.
The bank financed construction projects in the settlements of Beitar Ilit, Ma’ale Adumim, Pisgat Ze’ev, Ariel, Revava, Alfei Menashe, Emanuel, Ofarim, Anaton (Almon), Alei Zahav, Kfar Adumim, Pedu'el, and Karnei Shomron in the occupied West Bank, and in the settlement neighborhoods of Ramot and Ramat Shlomo in occupied East Jerusalem.
Beitar Ilit
In January 2026, the bank granted Israeli construction company Denefit Real Estate a loan for a construction project of 14 housing units in the settlement of Beitar Ilit on 7.38 dunams (7,380 square meters) of lands (7,380 square meters) belonging to the Palestinian village of Nahalin in the occupied West Bank. The project is part of City Plan No. 426/1/3/21. The bank holds as collateral a first-degree lien on all the company’s rights in connection with the real estate, including by virtue of a tender published by the Commissioner of Abandoned and Government Property in the West Bank in the Civil Administration; the leasehold rights in the real estate; a contract for construction and development in Beitar Illit; and a contract for the construction of a public building signed between the company and the Municipality of Beitar Illit.
Ma’ale Adumim
In March 2022, the bank granted Israeli construction company Dalia Eliaspor Building Contracting Co. a loan for a construction project in the settlement of Ma’ale Adumim on a total area of 7.85 dunams of lands belonging to the Palestinian town of al-Eizariya in the occupied West Bank. The project is part of City Plans No. 420/1/3/51, 420/1/4/37, and 420/1/3/50 for residential development on lands of al-Eizariya. The bank holds as collateral a first-degree permanent lien on all the company's rights in the land and in the project according to a lease agreement between the company and the Commissioner of Abandoned and Government Property in the West Bank in the Civil Administration, and all rights to receive funds from purchasers and/or tenants of units and/or plots in the project.
In February 2018 and February 2019, the bank granted Kotler Adika a loan for a construction project of 46 housing units in the settlement of Ma’ale Adumim on 5.622 dunams of lands belonging to the Palestinian villages of Khan al-Ahmar and Abu Dis in the occupied West Bank. The project is part of City Plan No. 420/1/7/30. The bank holds as collateral a first-degree lien on all the company's rights to the land and the project, its rights to receive funds from purchasers and/or tenants of units and/or plots in the project, all rights towards the Commissioner of Abandoned and Government Property in the West Bank in the Civil Administration, and all rights in the project’s bank accounts maintained at Mizrahi Tefahot Bank.
Pisgat Ze’ev
In February 2022, the bank granted Israeli construction company Dona Engineering & Building Co. a loan for a construction project of 210 housing units on 9.802 dunams of land in the settlement neighborhood of Pisgat Ze'ev in occupied East Jerusalem, in accordance with City Plan No. 101-0330498. In February 2026, the bank granted the company a loan for the same project for which the bank holds the company’s rights to the land and the project. In February and June 2022, the bank granted the company two additional loans for the project in Pisgat Ze'ev, for which the bank holds as collateral a first-degree permanent lien on all the company’s rights of any kind and type in the land, and all its rights in the project’s bank account maintained at Mizrahi Tefahot Bank.
Ariel
In February 2022, the bank granted settlement-based construction company Har Kabir a mortgage for the purchase of 138.75 dunams of land which constitute a ground-attached industrial pavilion in the Ariel Industrial Zone on lands belonging to the Palestinian city of Salfit in the occupied West Bank. The bank holds as collateral a first-degree lien, without limitation in amount, on all the company’s rights under the sales agreement in connection with the land, funds, rent and insurance. The company is based in the settlement of Ariel in the occupied West Bank.
In 2019, Mizrahi Tefahot Bank granted Israeli construction 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.
Revava
In November 2022, Mizrahi Tefahot Bank maintained a bank account for settlement-based company, Shoam Israel Investment, for its residential construction project in the settlement of Revava in accordance with City Plan No. 170/4 for zoning and land use in the settlement. The company is based in the settlement of Alon Moreh in the occupied West Bank.
Alfei Menashe
In October 2020 and April 2021, the bank granted Israeli construction company Avney Derech Y.Y. a loan for a construction project in the settlement of Alfei Menashe on 1.179 dunam of lands belonging to the Palestinian town of Azzun in the occupied West Bank, in accordance with City Plan No. 115/14 for rezoning agricultural area to a residential area on the lands of Azzun. The bank holds as collateral a first-degree permanent lien on all the company's rights in the land and everything to be built on it, its rights to receive funds from purchasers and/or tenants of units and/or plots in the project, and all rights in the project’s bank accounts, which are maintained at Mizrahi Tefahot Bank.
Ramot
In 2021, Mizrahi Tefahot Bank granted Kotler Adika a mortgage for three plots in the settlement neighborhood of Ramot in occupied East Jerusalem.
Between March and November 2020, the bank granted Israeli construction company Kotler Adika four loans for a construction project of 80 housing units on 3.334 dunams of land in the settlement neighborhood of Ramot in occupied East Jerusalem. The project is part of City Plan No. 101-0483354 for Ramot Country Project for the development of an urban complex for housing, public buildings and institutions, open public spaces, and areas for sports and recreation. The bank holds as collateral a first-degree lien on all the company's rights in the land and the project, its rights to receive funds from purchasers and/or tenants of units and/or plots in the project, and all rights in the project’s bank accounts maintained at Mizrahi Tefahot Bank.
Emanuel
In September and December 2020, the bank granted Avney Derech Y.Y. a loan for a construction project in the settlement of Emanuel on a total of 27.549 dunam of lands belonging to the Palestinian town of Deir Istiya in the occupied West Bank, in accordance with City Plan No. 120/9. The bank holds as collateral a first-degree permanent lien on all the company's rights in the land, its rights to receive funds from purchasers and/or tenants of units and/or plots in the project, its rights towards the Commissioner of Abandoned and Government Property in the West Bank in the Civil Administration, and all rights in the project’s bank accounts maintained at Mizrahi Tefahot Bank.
In 2020, Mizrahi Tefahot Bank granted the Israeli company Effi Capital a loan for the construction of 166 housing units in the settlement of Emanuel 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.
Ramat Shlomo
Between 2016 and 2023, the bank granted Israeli construction company Kotler Adika loans for construction projects in the settlement neighborhood of Ramat Shlomo in occupied East Jerusalem.
In May 2023, Mizrahi Tefahot Bank provided Israeli company Kotler Adika with a mortgage for three plots in the settlement neighborhood of Ramat Shlomo in occupied East Jerusalem. The bank holds as collateral the company’s rights in the land, and all its rights arising from the insurance of the mortgaged assets.
In 2016, 2017, and 2019, the bank granted Kotler Adika loans for a construction project of 94 housing units on 6.610 dunam of land in the settlement neighborhood of Ramat Shlomo in occupied East Jerusalem, in accordance with City Plan. No 11085. The bank holds as collateral a first-degree lien on all the company's rights in the project accounts maintained at Mizrahi Tefahot Bank, all of the company's rights in the land and in the project, all of the company's rights to receive funds from purchasers and/or tenants of units and/or plots in the project, and all of the company's rights in connection with a lease or tender for the execution of public infrastructure.
In 2017, Who Profits documented additional involvement of the bank in settlement construction in the settlements of Ariel, Beitar Ilit, Ma'aleh Adumim and Modi'in Ilit in the occupied West Bank; and the settlement neighborhoods of Har Homa, Neve Ya'akov, Pisgat Ze'ev and Ramat Shlomo in occupied East Jerusalem. For more, see Who Profits’ 2017 report Financing Land Grab: The Direct Involvement of Israeli Banks in the Israeli Settlement Enterprise.
Bar-Amana Buildings Construction & Development Co.
Between 2001 and 2014, the bank granted Israeli construction company Bar-Amana Buildings Construction & Development Co. several mortgages and loans for construction projects in the settlements of Ofarim, Anaton (Almon), Alei Zahav, Kfar Adumim, Pedu'el, and Karnei Shomron in the occupied West Bank. Bar-Amana Buildings Construction & Development Co. is a construction and development company owned by the settlement movement Amana (Amana from the settlement movement of the Central Cooperative Association Gush Emunim). Amana is considered the main settlement arm of the settlers, working to establish illegal settlements and outposts in the occupied Palestinian territory. The company is based in the Ma'alot Dafna settlement neighborhood in occupied East Jerusalem.
In February 2017, the bank granted settlement-based construction company Har Kabir a loan for which the bank holds as collateral the company's rights to receive funds pursuant to orders from Bar Amana company in connection with a loan for the construction of houses in various settlements, to secure existing and future debts of the company to Mizrahi Tefahot Bank. Har Kabir is based in the settlement of Ariel in the occupied West Bank.
Greennet Recycling & Waste Treatment
The company operates a waste management facility in the Atarot Industrial Zone in occupied East Jerusalem.
In December 2024, the bank granted Greennet Recycling & Waste Treatment a loan for which it holds as collateral the company’s rights to funds, deposits and assets in the company's bank account maintained at Mizrahi Tefahot Bank.
In September 2017, the bank granted Greennet a loan for which it holds as collateral a first-degree floating lien on the company’s plant, equipment, assets, funds, property and rights, including rights to receive funds from customers and any other party.
In September 2017, the bank granted Greennet an additional loan, for which the bank holds as collateral a first-degree permanent lien on all the company’s rights pursuant to or in connection with an agreement for the receipt of waste treatment services with the Jerusalem Municipality.
Mitzpe Kramim
In 2018, Mizrahi Tefahot Bank provided mortgage loans for the purchase of real estate on Palestinian privately owned land in the Mitzpe Kramim illegal Israeli outpost in the Jordan Valley in the occupied West Bank.
Banking Services to Settlement Local and Regional Councils
Mizrahi Tefahot Bank provides loans, credit and banking services to settlements regional and local councils in the occupied West Bank. These loans can be used to develop infrastructure, build public facilities and provide municipal services to the residents of the settlement.
Mizrahi Tefahot Bank has provided loans, credit facilities and various banking services for 130 settlements in the occupied West Bank. These include the Gush Etzion Regional Council (consisting of 24 settlements), the Har Hevron Regional Council (consisting of 23 settlements in the South Hebron Hills area), the Jordan Valley Regional Council (consisting of 21 settlements in the Jordan Valley area), and the Mateh Binyamin Regional Council (consisting of 52 settlements), and the settlements of Alfei Menashe, Beit Aryeh, Efrat, Elkana, Emanuel, Har Adar, Karnei Shomron, Kdumim, Oranit, and Sha’ar Shomron in the occupied West Bank.
Gush Etzion Regional Council
As of April 2026, Mizrahi Tefahot Bank had 10 active pledge agreements with the Gush Etzion Regional Council. The Gush Etzion Regional Council consists of 24 settlements in the occupied West Bank.
In January 2026, Mizrahi Bank signed a pledge agreement with the Gush Etzion Regional Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 12,500,000.
In February 2025, Mizrahi Bank signed a pledge agreement with the Gush Etzion Regional Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 12,500,000.
In November 2024, Mizrahi Bank signed a pledge agreement with the Gush Etzion Regional Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 12,500,000.
In February 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Gush Etzion Regional Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 19 million.
Har Hevron Regional Council
As of April 2026, Mizrahi Tefahot Bank had 11 active pledge agreements with the Har Hevron Regional Council. The Har Hevron Regional Council consists of23 settlements in the South Hebron Hills area in the occupied West Bank.
In March 2026, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 8,000,000.
In March 2026, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 2,000,000.
In February 2026, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 3,000,000.
In September 2025, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 3,080,000.
In March 2025, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 6,080,000.
In December 2024, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 6,080,000.
According to the Regional Council’s meeting protocols, in 2024 and 2025, the bank provided the council with NIS 3,080,000 million credit facilities. In November 2024, the council approved a request for a NIS 10 million credit increase from Mizrahi Tefahot Bank.
According to the Regional Council’s meeting protocols, in 2024, Mizrahi Tefahot Bank granted the Har Hevron Regional Council a NIS 2 million loan to cover a deficit. In 2023, Mizrahi Tefahot Bank and Bank Leumi granted loans in the amount of NIS 16 million loan to the Har Hevron Regional Council. In November 2023, the Har Hevron Regional Council’s assembly approved a credit loan of NIS 3,250,000 from Mizrahi Tefahot Bank for 2024.
In February 2023, the Har Hevron Regional Council’s assembly approved an updated credit loan of NIS 3,250,000 from Mizrahi Tefahot Bank according to the banks' requirements, including the encumbrance and pledge of the council's revenues. The loan will be taken from the bank’s branch in the settlement of Alon Shvut. As of January 2023, the Har Hevron Regional Council maintained a bank account at Mizrahi Tefahot Bank for a school in its jurisdiction.
In December 2022, the Har Hevron Regional Council’s assembly approved an application for a NIS 3,000,000 credit loan from Mizrahi Tefahot Bank for 2023. In May 2022, the Har Hevron Regional Council’s assembly approved taking a NIS 2 million loan for 15 years from Mizrahi Tefahot Bank.
Jordan Valley Regional Council
As of April 2026, Mizrahi Tefahot Bank had 1 active pledge agreement with the Jordan Valley Regional Council. The Jordan Valley Regional Council (also known as Arvot HaYarden Regional Council) consists of 21 settlements in the Jordan Valley area in the occupied West Bank.
In January 2025, Mizrahi Bank signed a pledge agreement with the Jordan Valley Regional Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 10,000,000.
In June 2019, Mizrahi Tefahot Bank signed a pledge agreement with the Jordan Valley Regional Council for a period of 99 years (ends 2118) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 5 million.
According to the Regional Council’s meeting protocols, as of September 2025, the bank maintained the council’s school bank account.
Mateh Binyamin Regional Council
As of April 2026, Mizrahi Tefahot Bank had 3 active pledge agreements with the Mateh Binyamin Regional Council. The Mateh Binyamin Regional Council consists of 52 settlements in the central occupied West Bank.
In September 2005, December 2005 and April 2006, Mizrahi Tefahot Bank signed 3 pledge agreements with the Mateh Binyamin Regional Council for a period of 99 years (ending 2104 and 2105) for which the bank holds properties in the settlement of Psagot as collateral.
Alfei Menashe
As of April 2026, Mizrahi Tefahot Bank had 10 active pledge agreements with the Alfei Menashe Local Council.
In January 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Alfei Menashe Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 1,400,000.
In December 2020, Mizrahi Tefahot Bank signed a pledge agreement with the Alfei Menashe Local Council for a period of 99 years (ends 2119) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 3,567,000.
According to the Alfei Menashe Local Council’s meeting protocols, in 2021, the 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 Council held a NIS 5,504,000 loan from Mizrahi Tefahot Bank.
Beit Aryeh
As of April 2026, Mizrahi Tefahot Bank had 2 active pledge agreements with the Beit Aryeh Local Council.
In December 2019, Mizrahi Tefahot Bank signed a pledge agreement with the Beit Aryeh Local Council for a period of 99 years (ends 2118) for which the bank holds all the council's revenues, including property tax and financial levies as collateral.
According to the Local Council’s meeting protocols, in August 2022, the council’s assembly meeting approved the opening of an account at Mizrahi-Tefahot Bank.
Efrat
As of April 2026, Mizrahi Tefahot Bank had 5 active pledge agreements with the Efrat Local Council.
In January 2026, Mizrahi Bank signed a pledge agreement with the Efrat Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 5,500,000.
In November 2024, Mizrahi Bank signed a pledge agreement with the Efrat Local Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 5,500,000.
In November 2024, Mizrahi Bank signed a pledge agreement with the Efrat Local Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 12,000,000.
In October 2024, Mizrahi Bank signed a pledge agreement with the Efrat Local Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 5,500,000.
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.
Elkana
As of April 2026, Mizrahi Tefahot Bank had 15 active pledge agreements with the Elkana Local Council.
In February 2026, Mizrahi Bank signed a pledge agreement with the Elkana Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 1,300,000.
In March 2025, Mizrahi Bank signed a pledge agreement with the Elkana Local Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 1,300,000.
In February 2024, Mizrahi Tefahot Bank signed a pledge agreement with the Elkana Local Council for a period of 99 years (ends 2123) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 1,150,000.
In June 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Elkana Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 750,000.
According to the Council’s meeting protocols, in September 2024, the council opened two bank accounts at Mizrahi Tefahot Bank for the council funds and parents' funds. In January 2024, the Elkana Local Council’s assembly approved a credit loan of NIS 1,150,000 for 2024 from Mizrahi-Tefahot Bank.
In January 2023, the Local Council’s assembly approved a credit loan of NIS 1,500,000 for 2023 from Mizrahi Tefahot Bank. In February 2022, the Local Council’s assembly approved the transfer of its long-term loans from Union Bank to Mizrahi Tefahot Bank, following their merger.
Emanuel
As of April 2026, Mizrahi Tefahot Bank had 7 active pledge agreements with the Emanuel Local Council.
In March 2026, Mizrahi Bank signed a pledge agreement with the Emanual Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 450,000.
In March 2024, Mizrahi Tefahot Bank signed a pledge agreement with the Emanuel Local Council for a period of 99 years (ends 2123) against all the council's revenues, including property tax and financial levies limited to a total of NIS 450,000.
In May 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Emanuel Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 450,000.
According to the Emanuel Local Council’s meeting protocols, in November 2023, the council’s assembly approved a credit loan of NIS 450,000 for 2024 from Mizrahi Tefahot Bank against the council’s revenue encumbrance.
Har Adar
As of April 2026, Mizrahi Tefahot Bank had 1 active pledge agreement with the Har Adar Local Council.
In April 2025, Mizrahi Bank signed a pledge agreement with the Har Adar Local Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 1,500,000.
Karnei Shomron
As of April 2026, Mizrahi Tefahot Bank had 20 active pledge agreements with the Karnei Shomron Local Council.
In January 2026, Mizrahi Bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 4,570,000.
In August 2025, Mizrahi Bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 3,192,870.
In May 2024, Mizrahi Tefahot Bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2123) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 3,962,000 million.
In May 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 4 million.
According to the council’s meeting protocols, as of September 2023, the Karnei Shomron Local Council held NIS 5 million in a short-term deposit at Mizrahi Bank. In 2022, the council held a NIS 400,000 loan in a checking account at Mizrahi Tefahot Bank for the council's community center. In 2023, the council approved a NIS 500,000 loan from the bank for the community center. In January 2023, the Karnei Shomron Local Council approved a NIS 4 million credit loan from Mizrahi Tefahot Bank for 2023 and increased its current account credit from NIS 500,000 to NIS 1 million.
Kdumim
As of April 2026, Mizrahi Tefahot Bank had 9 active pledge agreements with the Kdumim Local Council.
In February 2026, Mizrahi Bank signed a pledge agreement with the Kedumim Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 3,000,000.
In January 2024, Mizrahi Tefahot Bank signed a pledge agreement with the Kedumim Local Council for a period of 99 years (ends 2123) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 2,750,000.
In May 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Kedumim Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 2,750,000.
According to the Council’s meeting protocols, as of August 2025, the bank maintained a bank account for the council's library, which was designated for transferring funds from the Ministry of Culture and Sports to the council. In November 2024, the council approved a NIS 3,150,000 short term loan from the bank. As of October 2024, the bank maintained the council’s school bank account.
Oranit
As of April 2026, Mizrahi Tefahot Bank had 1 active pledge agreement with the Oranit Local Council.
In September 2022, Mizrahi Tefahot Bank signed a pledge agreement with the Oranit Local Council for a period of 99 years (ends 2121), for which the bank holds all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 1,100,000, and all the council's rights from the mortgaged properties’ insurance.
According to the Council’s meeting protocols from March 2024, the main activity of the council's funds is conducted at Bank Mizrahi and Leumi Bank.
Sha’ar Shomron
As of April 2026, Mizrahi Tefahot Bank had 3 active pledge agreements with the Sha’ar Shomron Local Council.
In May 2025, Mizrahi Bank signed a pledge agreement with the Sha’ar Shomron Local Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 7,850,000.
According to the minutes of the council meetings, in January 2023, the Sha'ar Shomron Local Council approved the opening of accounts at Mizrahi Bank for two schools within the council's jurisdiction. In July 2022, the Sha’ar Shomron Local Council opened a bank account in Mizrahi Bank.
In 2017, Who Profits documented the previous involvement of the bank in providing services to settlement local and regional councils. For more, see Who Profits report Financing Land Grab: The Direct Involvement of Israeli Banks in the Israeli Settlement Enterprise.
Branches in Settlements
Bank Mizrahi Tefahot operates branches providing banking services in settlements in the occupied West Bank and East Jerusalem.
The bank operates branches in the settlements of Efrat, Karnei Shomron (two branches), Ma’ale Adumim and Modiin Ilit in the occupied West Bank, and in the settlement neighborhoods of Pisgat Zeev, Ramat Eshkol, and Ramot in occupied East Jerusalem, and in the Old City in East Jerusalem.
Bank Mizrahi’s subsidiary, Bank Yahav, operates branches in the settlement of Ma’ale Adumim in the occupied West Bank and in the settlement neighborhood of Pisgat Ze’ev in occupied East Jerusalem.
Services for Soldiers
Mizrahi Tefahot Bank offers a “soldier account” for soldiers up to the age of 21.5 in regular service and Hesder yeshiva members, a program that combines advanced Talmudic studies with military service.
Bank Yahav offers special conditions for soldiers who open an account with the bank, such as exemption from fees and a credit line with a special interest rate.
Services to the Israel Police
Bank Yahav serves as the bank for state employees, including Israel Police and Israel Prison Service officers, and offers them exclusive benefits.
Through a special arrangement between the Israel Police and Bank Yahav, the bank offers subsidized loans to police officers and special loans to Israel Prison Service officers.
Related Publications
Mizrahi Tefahot Bank
בנק מזרחי טפחות בע"מ
Head office: Aba Hillel Silver St 13, Lod, 7129463, Israel.
Tel.: +972-3-7559720
Mizrahi Tefahot Bank is an Israeli commercial bank that provides a variety of banking and mortgage services to the private and business sectors, including the construction and real estate sectors. Mizrahi Tefahot is Israel's third-largest bank by assets.
The bank operates in Israel and abroad and is engaged in commercial banking activities (business and retail), mortgage activities in Israel, capital market, pension consulting, and credit operations.
Mizrahi Tefahot Bank provides financial foundation and services for settlement activities and settlement expansion, and benefits from financial activity in illegal Israeli settlements in the occupied Palestinian territory.
Financing Construction and Infrastructure Projects in Illegal Settlements
Mizrahi Tefahot Bank provides financial infrastructure and mortgages to various construction companies for the purpose of building real estate projects and development of industrial zones in settlements in the occupied West Bank and East Jerusalem and holds the companies’ rights to the lands and projects as collateral. In addition, the bank provided private clients with mortgages for properties on privately owned Palestinian land in an illegal Israeli outpost in the occupied West Bank.
The bank financed construction projects in the settlements of Beitar Ilit, Ma’ale Adumim, Pisgat Ze’ev, Ariel, Revava, Alfei Menashe, Emanuel, Ofarim, Anaton (Almon), Alei Zahav, Kfar Adumim, Pedu'el, and Karnei Shomron in the occupied West Bank, and in the settlement neighborhoods of Ramot and Ramat Shlomo in occupied East Jerusalem.
Beitar Ilit
In January 2026, the bank granted Israeli construction company Denefit Real Estate a loan for a construction project of 14 housing units in the settlement of Beitar Ilit on 7.38 dunams (7,380 square meters) of lands (7,380 square meters) belonging to the Palestinian village of Nahalin in the occupied West Bank. The project is part of City Plan No. 426/1/3/21. The bank holds as collateral a first-degree lien on all the company’s rights in connection with the real estate, including by virtue of a tender published by the Commissioner of Abandoned and Government Property in the West Bank in the Civil Administration; the leasehold rights in the real estate; a contract for construction and development in Beitar Illit; and a contract for the construction of a public building signed between the company and the Municipality of Beitar Illit.
Ma’ale Adumim
In March 2022, the bank granted Israeli construction company Dalia Eliaspor Building Contracting Co. a loan for a construction project in the settlement of Ma’ale Adumim on a total area of 7.85 dunams of lands belonging to the Palestinian town of al-Eizariya in the occupied West Bank. The project is part of City Plans No. 420/1/3/51, 420/1/4/37, and 420/1/3/50 for residential development on lands of al-Eizariya. The bank holds as collateral a first-degree permanent lien on all the company's rights in the land and in the project according to a lease agreement between the company and the Commissioner of Abandoned and Government Property in the West Bank in the Civil Administration, and all rights to receive funds from purchasers and/or tenants of units and/or plots in the project.
In February 2018 and February 2019, the bank granted Kotler Adika a loan for a construction project of 46 housing units in the settlement of Ma’ale Adumim on 5.622 dunams of lands belonging to the Palestinian villages of Khan al-Ahmar and Abu Dis in the occupied West Bank. The project is part of City Plan No. 420/1/7/30. The bank holds as collateral a first-degree lien on all the company's rights to the land and the project, its rights to receive funds from purchasers and/or tenants of units and/or plots in the project, all rights towards the Commissioner of Abandoned and Government Property in the West Bank in the Civil Administration, and all rights in the project’s bank accounts maintained at Mizrahi Tefahot Bank.
Pisgat Ze’ev
In February 2022, the bank granted Israeli construction company Dona Engineering & Building Co. a loan for a construction project of 210 housing units on 9.802 dunams of land in the settlement neighborhood of Pisgat Ze'ev in occupied East Jerusalem, in accordance with City Plan No. 101-0330498. In February 2026, the bank granted the company a loan for the same project for which the bank holds the company’s rights to the land and the project. In February and June 2022, the bank granted the company two additional loans for the project in Pisgat Ze'ev, for which the bank holds as collateral a first-degree permanent lien on all the company’s rights of any kind and type in the land, and all its rights in the project’s bank account maintained at Mizrahi Tefahot Bank.
Ariel
In February 2022, the bank granted settlement-based construction company Har Kabir a mortgage for the purchase of 138.75 dunams of land which constitute a ground-attached industrial pavilion in the Ariel Industrial Zone on lands belonging to the Palestinian city of Salfit in the occupied West Bank. The bank holds as collateral a first-degree lien, without limitation in amount, on all the company’s rights under the sales agreement in connection with the land, funds, rent and insurance. The company is based in the settlement of Ariel in the occupied West Bank.
In 2019, Mizrahi Tefahot Bank granted Israeli construction 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.
Revava
In November 2022, Mizrahi Tefahot Bank maintained a bank account for settlement-based company, Shoam Israel Investment, for its residential construction project in the settlement of Revava in accordance with City Plan No. 170/4 for zoning and land use in the settlement. The company is based in the settlement of Alon Moreh in the occupied West Bank.
Alfei Menashe
In October 2020 and April 2021, the bank granted Israeli construction company Avney Derech Y.Y. a loan for a construction project in the settlement of Alfei Menashe on 1.179 dunam of lands belonging to the Palestinian town of Azzun in the occupied West Bank, in accordance with City Plan No. 115/14 for rezoning agricultural area to a residential area on the lands of Azzun. The bank holds as collateral a first-degree permanent lien on all the company's rights in the land and everything to be built on it, its rights to receive funds from purchasers and/or tenants of units and/or plots in the project, and all rights in the project’s bank accounts, which are maintained at Mizrahi Tefahot Bank.
Ramot
In 2021, Mizrahi Tefahot Bank granted Kotler Adika a mortgage for three plots in the settlement neighborhood of Ramot in occupied East Jerusalem.
Between March and November 2020, the bank granted Israeli construction company Kotler Adika four loans for a construction project of 80 housing units on 3.334 dunams of land in the settlement neighborhood of Ramot in occupied East Jerusalem. The project is part of City Plan No. 101-0483354 for Ramot Country Project for the development of an urban complex for housing, public buildings and institutions, open public spaces, and areas for sports and recreation. The bank holds as collateral a first-degree lien on all the company's rights in the land and the project, its rights to receive funds from purchasers and/or tenants of units and/or plots in the project, and all rights in the project’s bank accounts maintained at Mizrahi Tefahot Bank.
Emanuel
In September and December 2020, the bank granted Avney Derech Y.Y. a loan for a construction project in the settlement of Emanuel on a total of 27.549 dunam of lands belonging to the Palestinian town of Deir Istiya in the occupied West Bank, in accordance with City Plan No. 120/9. The bank holds as collateral a first-degree permanent lien on all the company's rights in the land, its rights to receive funds from purchasers and/or tenants of units and/or plots in the project, its rights towards the Commissioner of Abandoned and Government Property in the West Bank in the Civil Administration, and all rights in the project’s bank accounts maintained at Mizrahi Tefahot Bank.
In 2020, Mizrahi Tefahot Bank granted the Israeli company Effi Capital a loan for the construction of 166 housing units in the settlement of Emanuel 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.
Ramat Shlomo
Between 2016 and 2023, the bank granted Israeli construction company Kotler Adika loans for construction projects in the settlement neighborhood of Ramat Shlomo in occupied East Jerusalem.
In May 2023, Mizrahi Tefahot Bank provided Israeli company Kotler Adika with a mortgage for three plots in the settlement neighborhood of Ramat Shlomo in occupied East Jerusalem. The bank holds as collateral the company’s rights in the land, and all its rights arising from the insurance of the mortgaged assets.
In 2016, 2017, and 2019, the bank granted Kotler Adika loans for a construction project of 94 housing units on 6.610 dunam of land in the settlement neighborhood of Ramat Shlomo in occupied East Jerusalem, in accordance with City Plan. No 11085. The bank holds as collateral a first-degree lien on all the company's rights in the project accounts maintained at Mizrahi Tefahot Bank, all of the company's rights in the land and in the project, all of the company's rights to receive funds from purchasers and/or tenants of units and/or plots in the project, and all of the company's rights in connection with a lease or tender for the execution of public infrastructure.
In 2017, Who Profits documented additional involvement of the bank in settlement construction in the settlements of Ariel, Beitar Ilit, Ma'aleh Adumim and Modi'in Ilit in the occupied West Bank; and the settlement neighborhoods of Har Homa, Neve Ya'akov, Pisgat Ze'ev and Ramat Shlomo in occupied East Jerusalem. For more, see Who Profits’ 2017 report Financing Land Grab: The Direct Involvement of Israeli Banks in the Israeli Settlement Enterprise.
Bar-Amana Buildings Construction & Development Co.
Between 2001 and 2014, the bank granted Israeli construction company Bar-Amana Buildings Construction & Development Co. several mortgages and loans for construction projects in the settlements of Ofarim, Anaton (Almon), Alei Zahav, Kfar Adumim, Pedu'el, and Karnei Shomron in the occupied West Bank. Bar-Amana Buildings Construction & Development Co. is a construction and development company owned by the settlement movement Amana (Amana from the settlement movement of the Central Cooperative Association Gush Emunim). Amana is considered the main settlement arm of the settlers, working to establish illegal settlements and outposts in the occupied Palestinian territory. The company is based in the Ma'alot Dafna settlement neighborhood in occupied East Jerusalem.
In February 2017, the bank granted settlement-based construction company Har Kabir a loan for which the bank holds as collateral the company's rights to receive funds pursuant to orders from Bar Amana company in connection with a loan for the construction of houses in various settlements, to secure existing and future debts of the company to Mizrahi Tefahot Bank. Har Kabir is based in the settlement of Ariel in the occupied West Bank.
Greennet Recycling & Waste Treatment
The company operates a waste management facility in the Atarot Industrial Zone in occupied East Jerusalem.
In December 2024, the bank granted Greennet Recycling & Waste Treatment a loan for which it holds as collateral the company’s rights to funds, deposits and assets in the company's bank account maintained at Mizrahi Tefahot Bank.
In September 2017, the bank granted Greennet a loan for which it holds as collateral a first-degree floating lien on the company’s plant, equipment, assets, funds, property and rights, including rights to receive funds from customers and any other party.
In September 2017, the bank granted Greennet an additional loan, for which the bank holds as collateral a first-degree permanent lien on all the company’s rights pursuant to or in connection with an agreement for the receipt of waste treatment services with the Jerusalem Municipality.
Mitzpe Kramim
In 2018, Mizrahi Tefahot Bank provided mortgage loans for the purchase of real estate on Palestinian privately owned land in the Mitzpe Kramim illegal Israeli outpost in the Jordan Valley in the occupied West Bank.
Banking Services to Settlement Local and Regional Councils
Mizrahi Tefahot Bank provides loans, credit and banking services to settlements regional and local councils in the occupied West Bank. These loans can be used to develop infrastructure, build public facilities and provide municipal services to the residents of the settlement.
Mizrahi Tefahot Bank has provided loans, credit facilities and various banking services for 130 settlements in the occupied West Bank. These include the Gush Etzion Regional Council (consisting of 24 settlements), the Har Hevron Regional Council (consisting of 23 settlements in the South Hebron Hills area), the Jordan Valley Regional Council (consisting of 21 settlements in the Jordan Valley area), and the Mateh Binyamin Regional Council (consisting of 52 settlements), and the settlements of Alfei Menashe, Beit Aryeh, Efrat, Elkana, Emanuel, Har Adar, Karnei Shomron, Kdumim, Oranit, and Sha’ar Shomron in the occupied West Bank.
Gush Etzion Regional Council
As of April 2026, Mizrahi Tefahot Bank had 10 active pledge agreements with the Gush Etzion Regional Council. The Gush Etzion Regional Council consists of 24 settlements in the occupied West Bank.
In January 2026, Mizrahi Bank signed a pledge agreement with the Gush Etzion Regional Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 12,500,000.
In February 2025, Mizrahi Bank signed a pledge agreement with the Gush Etzion Regional Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 12,500,000.
In November 2024, Mizrahi Bank signed a pledge agreement with the Gush Etzion Regional Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 12,500,000.
In February 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Gush Etzion Regional Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 19 million.
Har Hevron Regional Council
As of April 2026, Mizrahi Tefahot Bank had 11 active pledge agreements with the Har Hevron Regional Council. The Har Hevron Regional Council consists of23 settlements in the South Hebron Hills area in the occupied West Bank.
In March 2026, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 8,000,000.
In March 2026, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 2,000,000.
In February 2026, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 3,000,000.
In September 2025, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 3,080,000.
In March 2025, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 6,080,000.
In December 2024, Mizrahi Bank signed a pledge agreement with the Har Hevron Regional Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 6,080,000.
According to the Regional Council’s meeting protocols, in 2024 and 2025, the bank provided the council with NIS 3,080,000 million credit facilities. In November 2024, the council approved a request for a NIS 10 million credit increase from Mizrahi Tefahot Bank.
According to the Regional Council’s meeting protocols, in 2024, Mizrahi Tefahot Bank granted the Har Hevron Regional Council a NIS 2 million loan to cover a deficit. In 2023, Mizrahi Tefahot Bank and Bank Leumi granted loans in the amount of NIS 16 million loan to the Har Hevron Regional Council. In November 2023, the Har Hevron Regional Council’s assembly approved a credit loan of NIS 3,250,000 from Mizrahi Tefahot Bank for 2024.
In February 2023, the Har Hevron Regional Council’s assembly approved an updated credit loan of NIS 3,250,000 from Mizrahi Tefahot Bank according to the banks' requirements, including the encumbrance and pledge of the council's revenues. The loan will be taken from the bank’s branch in the settlement of Alon Shvut. As of January 2023, the Har Hevron Regional Council maintained a bank account at Mizrahi Tefahot Bank for a school in its jurisdiction.
In December 2022, the Har Hevron Regional Council’s assembly approved an application for a NIS 3,000,000 credit loan from Mizrahi Tefahot Bank for 2023. In May 2022, the Har Hevron Regional Council’s assembly approved taking a NIS 2 million loan for 15 years from Mizrahi Tefahot Bank.
Jordan Valley Regional Council
As of April 2026, Mizrahi Tefahot Bank had 1 active pledge agreement with the Jordan Valley Regional Council. The Jordan Valley Regional Council (also known as Arvot HaYarden Regional Council) consists of 21 settlements in the Jordan Valley area in the occupied West Bank.
In January 2025, Mizrahi Bank signed a pledge agreement with the Jordan Valley Regional Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 10,000,000.
In June 2019, Mizrahi Tefahot Bank signed a pledge agreement with the Jordan Valley Regional Council for a period of 99 years (ends 2118) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 5 million.
According to the Regional Council’s meeting protocols, as of September 2025, the bank maintained the council’s school bank account.
Mateh Binyamin Regional Council
As of April 2026, Mizrahi Tefahot Bank had 3 active pledge agreements with the Mateh Binyamin Regional Council. The Mateh Binyamin Regional Council consists of 52 settlements in the central occupied West Bank.
In September 2005, December 2005 and April 2006, Mizrahi Tefahot Bank signed 3 pledge agreements with the Mateh Binyamin Regional Council for a period of 99 years (ending 2104 and 2105) for which the bank holds properties in the settlement of Psagot as collateral.
Alfei Menashe
As of April 2026, Mizrahi Tefahot Bank had 10 active pledge agreements with the Alfei Menashe Local Council.
In January 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Alfei Menashe Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 1,400,000.
In December 2020, Mizrahi Tefahot Bank signed a pledge agreement with the Alfei Menashe Local Council for a period of 99 years (ends 2119) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 3,567,000.
According to the Alfei Menashe Local Council’s meeting protocols, in 2021, the 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 Council held a NIS 5,504,000 loan from Mizrahi Tefahot Bank.
Beit Aryeh
As of April 2026, Mizrahi Tefahot Bank had 2 active pledge agreements with the Beit Aryeh Local Council.
In December 2019, Mizrahi Tefahot Bank signed a pledge agreement with the Beit Aryeh Local Council for a period of 99 years (ends 2118) for which the bank holds all the council's revenues, including property tax and financial levies as collateral.
According to the Local Council’s meeting protocols, in August 2022, the council’s assembly meeting approved the opening of an account at Mizrahi-Tefahot Bank.
Efrat
As of April 2026, Mizrahi Tefahot Bank had 5 active pledge agreements with the Efrat Local Council.
In January 2026, Mizrahi Bank signed a pledge agreement with the Efrat Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 5,500,000.
In November 2024, Mizrahi Bank signed a pledge agreement with the Efrat Local Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 5,500,000.
In November 2024, Mizrahi Bank signed a pledge agreement with the Efrat Local Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 12,000,000.
In October 2024, Mizrahi Bank signed a pledge agreement with the Efrat Local Council for a period of 99 years (ends 2123). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 5,500,000.
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.
Elkana
As of April 2026, Mizrahi Tefahot Bank had 15 active pledge agreements with the Elkana Local Council.
In February 2026, Mizrahi Bank signed a pledge agreement with the Elkana Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 1,300,000.
In March 2025, Mizrahi Bank signed a pledge agreement with the Elkana Local Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 1,300,000.
In February 2024, Mizrahi Tefahot Bank signed a pledge agreement with the Elkana Local Council for a period of 99 years (ends 2123) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 1,150,000.
In June 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Elkana Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 750,000.
According to the Council’s meeting protocols, in September 2024, the council opened two bank accounts at Mizrahi Tefahot Bank for the council funds and parents' funds. In January 2024, the Elkana Local Council’s assembly approved a credit loan of NIS 1,150,000 for 2024 from Mizrahi-Tefahot Bank.
In January 2023, the Local Council’s assembly approved a credit loan of NIS 1,500,000 for 2023 from Mizrahi Tefahot Bank. In February 2022, the Local Council’s assembly approved the transfer of its long-term loans from Union Bank to Mizrahi Tefahot Bank, following their merger.
Emanuel
As of April 2026, Mizrahi Tefahot Bank had 7 active pledge agreements with the Emanuel Local Council.
In March 2026, Mizrahi Bank signed a pledge agreement with the Emanual Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 450,000.
In March 2024, Mizrahi Tefahot Bank signed a pledge agreement with the Emanuel Local Council for a period of 99 years (ends 2123) against all the council's revenues, including property tax and financial levies limited to a total of NIS 450,000.
In May 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Emanuel Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 450,000.
According to the Emanuel Local Council’s meeting protocols, in November 2023, the council’s assembly approved a credit loan of NIS 450,000 for 2024 from Mizrahi Tefahot Bank against the council’s revenue encumbrance.
Har Adar
As of April 2026, Mizrahi Tefahot Bank had 1 active pledge agreement with the Har Adar Local Council.
In April 2025, Mizrahi Bank signed a pledge agreement with the Har Adar Local Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 1,500,000.
Karnei Shomron
As of April 2026, Mizrahi Tefahot Bank had 20 active pledge agreements with the Karnei Shomron Local Council.
In January 2026, Mizrahi Bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 4,570,000.
In August 2025, Mizrahi Bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 3,192,870.
In May 2024, Mizrahi Tefahot Bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2123) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 3,962,000 million.
In May 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Karnei Shomron Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 4 million.
According to the council’s meeting protocols, as of September 2023, the Karnei Shomron Local Council held NIS 5 million in a short-term deposit at Mizrahi Bank. In 2022, the council held a NIS 400,000 loan in a checking account at Mizrahi Tefahot Bank for the council's community center. In 2023, the council approved a NIS 500,000 loan from the bank for the community center. In January 2023, the Karnei Shomron Local Council approved a NIS 4 million credit loan from Mizrahi Tefahot Bank for 2023 and increased its current account credit from NIS 500,000 to NIS 1 million.
Kdumim
As of April 2026, Mizrahi Tefahot Bank had 9 active pledge agreements with the Kdumim Local Council.
In February 2026, Mizrahi Bank signed a pledge agreement with the Kedumim Local Council for a period of 99 years (ends 2125). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 3,000,000.
In January 2024, Mizrahi Tefahot Bank signed a pledge agreement with the Kedumim Local Council for a period of 99 years (ends 2123) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 2,750,000.
In May 2023, Mizrahi Tefahot Bank signed a pledge agreement with the Kedumim Local Council for a period of 99 years (ends 2122) against all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 2,750,000.
According to the Council’s meeting protocols, as of August 2025, the bank maintained a bank account for the council's library, which was designated for transferring funds from the Ministry of Culture and Sports to the council. In November 2024, the council approved a NIS 3,150,000 short term loan from the bank. As of October 2024, the bank maintained the council’s school bank account.
Oranit
As of April 2026, Mizrahi Tefahot Bank had 1 active pledge agreement with the Oranit Local Council.
In September 2022, Mizrahi Tefahot Bank signed a pledge agreement with the Oranit Local Council for a period of 99 years (ends 2121), for which the bank holds all the council's revenues, including property tax and financial levies, with the exception of funds originating from the state budget, limited to a total of NIS 1,100,000, and all the council's rights from the mortgaged properties’ insurance.
According to the Council’s meeting protocols from March 2024, the main activity of the council's funds is conducted at Bank Mizrahi and Leumi Bank.
Sha’ar Shomron
As of April 2026, Mizrahi Tefahot Bank had 3 active pledge agreements with the Sha’ar Shomron Local Council.
In May 2025, Mizrahi Bank signed a pledge agreement with the Sha’ar Shomron Local Council for a period of 99 years (ends 2124). The bank holds a pledge and first-degree lien of all the council’s current and future revenues, including taxes, municipal taxes, license fees, and all other amounts of any kind from any party, except funds originating from the state budget, up to a total amount of NIS 7,850,000.
According to the minutes of the council meetings, in January 2023, the Sha'ar Shomron Local Council approved the opening of accounts at Mizrahi Bank for two schools within the council's jurisdiction. In July 2022, the Sha’ar Shomron Local Council opened a bank account in Mizrahi Bank.
In 2017, Who Profits documented the previous involvement of the bank in providing services to settlement local and regional councils. For more, see Who Profits report Financing Land Grab: The Direct Involvement of Israeli Banks in the Israeli Settlement Enterprise.
Branches in Settlements
Bank Mizrahi Tefahot operates branches providing banking services in settlements in the occupied West Bank and East Jerusalem.
The bank operates branches in the settlements of Efrat, Karnei Shomron (two branches), Ma’ale Adumim and Modiin Ilit in the occupied West Bank, and in the settlement neighborhoods of Pisgat Zeev, Ramat Eshkol, and Ramot in occupied East Jerusalem, and in the Old City in East Jerusalem.
Bank Mizrahi’s subsidiary, Bank Yahav, operates branches in the settlement of Ma’ale Adumim in the occupied West Bank and in the settlement neighborhood of Pisgat Ze’ev in occupied East Jerusalem.
Services for Soldiers
Mizrahi Tefahot Bank offers a “soldier account” for soldiers up to the age of 21.5 in regular service and Hesder yeshiva members, a program that combines advanced Talmudic studies with military service.
Bank Yahav offers special conditions for soldiers who open an account with the bank, such as exemption from fees and a credit line with a special interest rate.
Services to the Israel Police
Bank Yahav serves as the bank for state employees, including Israel Police and Israel Prison Service officers, and offers them exclusive benefits.
Through a special arrangement between the Israel Police and Bank Yahav, the bank offers subsidized loans to police officers and special loans to Israel Prison Service officers.
Ownership
The company is publicly traded on the Tel Aviv Stock Exchange under the ticker symbol: MZTF
Major shareholders include: L.Y.N (Holdings) Ltd. (20.95%), (F&W) Registered Partnership (13.08%), M.W.Z. (Holdings) Ltd. (7.25%), Harel Insurance Investments & Financial Services Ltd. (5.77%), Meitav Mutual Funds Ltd. (4.91%)
Chair of the Board of Directors: Avraham Zeldman
CEO: Moshe Lari
Subsidiaries
Mizrahi Tefahot Insurance Agency (1989) Ltd. (100%), Mizrahi Tefahot Issuing Company Ltd. (100%), Mizrahi Tefahot Invest Ltd. (100%), Mizrahi – Tefahot Leasing Ltd. (100%), Bank Yahav for Government Employees Ltd. (50%)
Partners
* This section refers to the company's general business partners
Company Response
Settlements
Alei Zahav | Alfei Menashe | Almon (Anatot) | Ariel | Beit Aryeh (Ofarim) | Beitar Illit | Efrat | Elkana | Emanuel (Immanuel) | Gush Etzion | Har Adar | Har Hevron | Karnei Shomron | Kdumim | Kfar Adumim | Ma'ale Adumim | Mateh Binyamin | Modi'in Illit | Ofarim | Oranit | Peduel | Pisgat Ze'ev | Ramat Eshkol | Ramat Shlomo | Ramot (Ramot Alon) | Revava | Sha'ar Shomron