Hapoalim Bank
Full Text
בנק הפועלים
Head office: 50 Rotschild Blvd., Tel-Aviv Tel: +972-3-7144669
One of the largest Israeli commercial banks.
Financing construction in illegal settlements and settlement infrastructure projects:
In 2021, Bank Hapoalim granted the company Sasi a loan for the construction of 552 housing units in the settlement of Giva'at Ze'ev in the occupied West Bank, according to plan no. 9\220. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2021, Bank Hapoliam granted a loan for the company Tsipiya Yazamut for the construction of 18 housing units in Ma'ale Adumim, according to plan no. 52\3\1\420 (on the lands of al-Izariya). The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2019 and 2021, Bank Hapoalim gave a loan to the company YSD Meitav for the construction of 44 housing units in Ma'ale Efraim settlement in the occupied West Bank, according to plan no. 1\13\310. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2021, Bank Hapoalim granted the company Epi Capital a loan for the construction of 180 housing units in Givat Hamatos, located in occupied East Jerusalem, according to plan מק\19245- Guidelines for Unification and Division without Owners` Consent in Givat HaMatos. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2021, Bank Hapoalim granted the company A. Haver a loan for its project in Beitar Illit, after the company won tender יש\2021\10 with the Israel Land Authority, according to plan 10\3\1\1\426 (on the lands of the village of Husan). The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2021 and 2022, Bank Hapoalim granted the company Ba'al Hatanie a loan for its construction project of 32 housing units in the settlement of Efrat 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.
In 2021, Bank Hapoalim provided the company Ofer Aharon with a loan for a construction project in Beitar Illit, based on the tender יש\10\2021, according to plan no. 10\3\1\1\426 (on the lands of Husan village). The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2020 and 2021, Bank Hapoliam provided the company Ofer Aharon a mortgage for a construction 125 housing units in Har Homa settlement neighborhood in ouccpied Est Jerusalem, according to plan 10310.
In May 2020, Bank Hapoalim granted the company Eli Yohanan a loan for a lot in Beitar Illit settlement, 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.
In 2020, the bank granted the company Mishkan Eliyahu a loan for the construction of 104 housing units in the settlement of Ma'ale Adumim settlement in the occupied West Bank, according to plan no. 42\4\1\420 for construction in Ma'ale Adumim, specifically on the lands of al-Izariya village. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's entire assets in the time the specific property was held as collateral.
In 2020, Bank Hapoalim granted the Company for the development of Mateh Binyamin a loan for the construction of 372 housing units in the settlement of Beit Arieh in the occupied West Bank, according to plan no. 2\2\202. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2020, Bank Hapoliam granted the company Mivneh a loan for a consturction project in Karnei Shomron settlement in the occupied West Bank, according to plan no. 117\8 (on the lands of the Palestinian village of Deir Estya). The bank holds as collateral the company’s contractual and actual rights in the land and project.
In 2020, Bank Hapoliam provided the company Mivneh with a 3,500,000 NIS loan for a 12,000 meter plot in Kiryat Arba industrial zone in the occupied West Bank. The bank holds as collateral the company’s contractual and actual rights in the land and project.
In 2020, Bank Hapoalim led a consortium including it and three other financial institutions for financing the expansion of the Red Line and the establishment of the Green Line as part of the Jerusalem Light Rail with NIS 3.5 billion. The Jerusalem light rail connects large Israeli settlement blocs in occupied East Jerusalem with the western part of the city, expropriating occupied Palestinian land and promoting increased territorial contiguity for settlements alongside growing territorial fragmentation for East Jerusalem’s Palestinian neighborhoods. One of the other financial institutions includes the First International Bank of Israel. Read more on the expansion of the Red Line and the establishment of the Green Line in Who Profits` update Spanish Multinational CAF and Israeli Shapir Win Tender to Expand the Jerusalem Light Rail.
Bank Hapoalim finances a wind energy project in the occupied Syrian Golan, established by the company Enlight, with a total amount of NIS 950 milliom-1.1 billion . According to Who Profits report, the Ruach Beresheet wind farm is a wind energy project to be built in the Mount Peres (Tall al-Faras) area in the southeastern Golan. The planned wind farm takes up an area of 12,654,000 m2 of Syrian land and is expected to generate 130 MW through 42 wind turbines, enough to power approximately 60,000 households. It benefits the settlements of Avnei Eitan, Kanaf, Yonatan, Mevo Hama, Ramat Magshimim and Alonei Habashan.
Bank Hapoalim will finance Superbus's Jerusalem cluster, with NIS 490 million. The cluster includes bus lines that reach settlements in Jerusalem and the West Bank. It operates bus lines to and from the following settlements: The Jewish Quarter, French Hill, Giva'at Hamivtar, Ramat Eshkol, Ma'ale Hazitim, Ir David, Ramot, Givat HaMatos, Armon HaNatziv, Kever Rachel (Rachel's Tomb) in occupied East Jerusalem, and Nabi Samuel in the occupied West Bank.
In 2019, Bank Hapoalim granted the company Mishkan Eliyahu a loan for its project in the settlement of Beitar Illit. The company won the tender in 2018 for the construction of 4-6 housing units in the settlement, according to plan no. 10\ב\7\426 (Changes in Land Designation in Beitar Illit on the Land of the Village of Husan). The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2019, Bank Hapoalim granted the company Zalman Barashi a loan for its project of expanding the Kfar Adumim settlement in the occupied West Bank with 300 additional housing units. The bank holds as collateral the company’s contractual and actual rights in the land and project.
In 2019, Bank Hapoalim provided a loan for the company Bonim Nachon for a construction project in Beitar Illit, according to plan no. 8\426 (on the lands of Wadi Fukin, Husan, Nahalin). The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. In 2020, 2021 and 2022, Bank Hapoliam granted the company a loan for construction projects in Beitar Illit, according to the same plan.
In 2017, Who Profits documented the vast involvement of the bank in settlement construction. The report has shown that the bank accompanied construction projects in the following settlements: Beitar Illit, Ma'aleh Adumim and Efrat in the occupied West Bank, and Har Homa, and Pisgat Ze'ev in occupied East Jerusalem. Some of the projects were constructed by companies profiled on our database, such as Bardarian Brothers and Y.D. Barzani. Click here to read the full report about the involvement of the Israeli banks in the settlement enterprise from February 2017.
Services to settlement local and regional councils:
On 23 May 2021, The Gush Etzion regional council general assembly decided to open 4 new bank accounts in Hapoalim Bank, based on a price quote provided by the bank to the council.
The Efrat local council invests NIS 15 million divided between three investment firms and three banks, one of which is Hapoalim Bank.
In 2020, banks account belonging to the Megilot Dead Sea regional council were managed by Hapoalim Bank.
On 25 April 2021, the Elkana local council general assembly agreed to ask Hapoalim Bank for a NIS 1.5 million loan.
In 2021, the Golan regional council general assembly agreed to finalize a NIS 3 million loan agreement with Hapoalim Bank for the construction of solar rooftops.
Hapoalim Bank holds a 15-year agreement (ends in 2022) with the local council of Givat Ze'ev. The bank holds as collateral the council's revenues, except ones provided from the government's budget.
Hapoalim Bank holds a 99-year agreement (end in 2114) with Kdumim local council. The bank holds a collateral the council's funds, except the ones received from the government's budget and from water and sewage.
Hapoalim Bank holds a 99-year agreement (ends in 2114) with Ma'ale Adumim municipality. The bank holds a collateral all of the municipality's funds, except the ones received from the government's budget and from water and sewage.
On 15 December 2019, the Megilot Dead-Sea regional council general assembly agreed on a NIS 2 million loan from Hapoalim Bank, for a period of 15 years.
In 2017, Who Profits documented the vast involvement of the bank in providing services to settlement local and regional councils. The report has shown that the provided serviced to the following settlements: Megilot Dead- Sea regional council, Shomron regional council, Har Adar local council and Katzrin local council. Click here to read the full report about the involvement of the Israeli banks in the settlement enterprise from February 2017.
Branches in settlements:
The bank operates branches in the following branches: Ma'ale Adumim, Beitar Illit and Ariel (2 branches) in the occupied West Bank; French Hill, Ramat Eshkol, Ramot, Pisgat Ze'ev, Neve Ya'acov and Armon Hanatziv in occupied East Jerusalem; Bnai Yehuda in the occupied Syrian Golan.
Hapoalim bank benefits from access to the Palestinian monetary market as a captive market. It operates a branch in Salah al-Deen Street in East Jerusalem.
One of the largest Israeli commercial banks.
Financing construction in illegal settlements and settlement infrastructure projects:
In 2021, Bank Hapoalim granted the company Sasi a loan for the construction of 552 housing units in the settlement of Giva'at Ze'ev in the occupied West Bank, according to plan no. 9\220. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2021, Bank Hapoliam granted a loan for the company Tsipiya Yazamut for the construction of 18 housing units in Ma'ale Adumim, according to plan no. 52\3\1\420 (on the lands of al-Izariya). The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2019 and 2021, Bank Hapoalim gave a loan to the company YSD Meitav for the construction of 44 housing units in Ma'ale Efraim settlement in the occupied West Bank, according to plan no. 1\13\310. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2021, Bank Hapoalim granted the company Epi Capital a loan for the construction of 180 housing units in Givat Hamatos, located in occupied East Jerusalem, according to plan מק\19245- Guidelines for Unification and Division without Owners` Consent in Givat HaMatos. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2021, Bank Hapoalim granted the company A. Haver a loan for its project in Beitar Illit, after the company won tender יש\2021\10 with the Israel Land Authority, according to plan 10\3\1\1\426 (on the lands of the village of Husan). The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2021 and 2022, Bank Hapoalim granted the company Ba'al Hatanie a loan for its construction project of 32 housing units in the settlement of Efrat 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.
In 2021, Bank Hapoalim provided the company Ofer Aharon with a loan for a construction project in Beitar Illit, based on the tender יש\10\2021, according to plan no. 10\3\1\1\426 (on the lands of Husan village). The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2020 and 2021, Bank Hapoliam provided the company Ofer Aharon a mortgage for a construction 125 housing units in Har Homa settlement neighborhood in ouccpied Est Jerusalem, according to plan 10310.
In May 2020, Bank Hapoalim granted the company Eli Yohanan a loan for a lot in Beitar Illit settlement, 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.
In 2020, the bank granted the company Mishkan Eliyahu a loan for the construction of 104 housing units in the settlement of Ma'ale Adumim settlement in the occupied West Bank, according to plan no. 42\4\1\420 for construction in Ma'ale Adumim, specifically on the lands of al-Izariya village. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's entire assets in the time the specific property was held as collateral.
In 2020, Bank Hapoalim granted the Company for the development of Mateh Binyamin a loan for the construction of 372 housing units in the settlement of Beit Arieh in the occupied West Bank, according to plan no. 2\2\202. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2020, Bank Hapoliam granted the company Mivneh a loan for a consturction project in Karnei Shomron settlement in the occupied West Bank, according to plan no. 117\8 (on the lands of the Palestinian village of Deir Estya). The bank holds as collateral the company’s contractual and actual rights in the land and project.
In 2020, Bank Hapoliam provided the company Mivneh with a 3,500,000 NIS loan for a 12,000 meter plot in Kiryat Arba industrial zone in the occupied West Bank. The bank holds as collateral the company’s contractual and actual rights in the land and project.
In 2020, Bank Hapoalim led a consortium including it and three other financial institutions for financing the expansion of the Red Line and the establishment of the Green Line as part of the Jerusalem Light Rail with NIS 3.5 billion. The Jerusalem light rail connects large Israeli settlement blocs in occupied East Jerusalem with the western part of the city, expropriating occupied Palestinian land and promoting increased territorial contiguity for settlements alongside growing territorial fragmentation for East Jerusalem’s Palestinian neighborhoods. One of the other financial institutions includes the First International Bank of Israel. Read more on the expansion of the Red Line and the establishment of the Green Line in Who Profits` update Spanish Multinational CAF and Israeli Shapir Win Tender to Expand the Jerusalem Light Rail.
Bank Hapoalim finances a wind energy project in the occupied Syrian Golan, established by the company Enlight, with a total amount of NIS 950 milliom-1.1 billion . According to Who Profits report, the Ruach Beresheet wind farm is a wind energy project to be built in the Mount Peres (Tall al-Faras) area in the southeastern Golan. The planned wind farm takes up an area of 12,654,000 m2 of Syrian land and is expected to generate 130 MW through 42 wind turbines, enough to power approximately 60,000 households. It benefits the settlements of Avnei Eitan, Kanaf, Yonatan, Mevo Hama, Ramat Magshimim and Alonei Habashan.
Bank Hapoalim will finance Superbus's Jerusalem cluster, with NIS 490 million. The cluster includes bus lines that reach settlements in Jerusalem and the West Bank. It operates bus lines to and from the following settlements: The Jewish Quarter, French Hill, Giva'at Hamivtar, Ramat Eshkol, Ma'ale Hazitim, Ir David, Ramot, Givat HaMatos, Armon HaNatziv, Kever Rachel (Rachel's Tomb) in occupied East Jerusalem, and Nabi Samuel in the occupied West Bank.
In 2019, Bank Hapoalim granted the company Mishkan Eliyahu a loan for its project in the settlement of Beitar Illit. The company won the tender in 2018 for the construction of 4-6 housing units in the settlement, according to plan no. 10\ב\7\426 (Changes in Land Designation in Beitar Illit on the Land of the Village of Husan). The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2019, Bank Hapoalim granted the company Zalman Barashi a loan for its project of expanding the Kfar Adumim settlement in the occupied West Bank with 300 additional housing units. The bank holds as collateral the company’s contractual and actual rights in the land and project.
In 2019, Bank Hapoalim provided a loan for the company Bonim Nachon for a construction project in Beitar Illit, according to plan no. 8\426 (on the lands of Wadi Fukin, Husan, Nahalin). The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. In 2020, 2021 and 2022, Bank Hapoliam granted the company a loan for construction projects in Beitar Illit, according to the same plan.
In 2017, Who Profits documented the vast involvement of the bank in settlement construction. The report has shown that the bank accompanied construction projects in the following settlements: Beitar Illit, Ma'aleh Adumim and Efrat in the occupied West Bank, and Har Homa, and Pisgat Ze'ev in occupied East Jerusalem. Some of the projects were constructed by companies profiled on our database, such as Bardarian Brothers and Y.D. Barzani. Click here to read the full report about the involvement of the Israeli banks in the settlement enterprise from February 2017.
Services to settlement local and regional councils:
On 23 May 2021, The Gush Etzion regional council general assembly decided to open 4 new bank accounts in Hapoalim Bank, based on a price quote provided by the bank to the council.
The Efrat local council invests NIS 15 million divided between three investment firms and three banks, one of which is Hapoalim Bank.
In 2020, banks account belonging to the Megilot Dead Sea regional council were managed by Hapoalim Bank.
On 25 April 2021, the Elkana local council general assembly agreed to ask Hapoalim Bank for a NIS 1.5 million loan.
In 2021, the Golan regional council general assembly agreed to finalize a NIS 3 million loan agreement with Hapoalim Bank for the construction of solar rooftops.
Hapoalim Bank holds a 15-year agreement (ends in 2022) with the local council of Givat Ze'ev. The bank holds as collateral the council's revenues, except ones provided from the government's budget.
Hapoalim Bank holds a 99-year agreement (end in 2114) with Kdumim local council. The bank holds a collateral the council's funds, except the ones received from the government's budget and from water and sewage.
Hapoalim Bank holds a 99-year agreement (ends in 2114) with Ma'ale Adumim municipality. The bank holds a collateral all of the municipality's funds, except the ones received from the government's budget and from water and sewage.
On 15 December 2019, the Megilot Dead-Sea regional council general assembly agreed on a NIS 2 million loan from Hapoalim Bank, for a period of 15 years.
In 2017, Who Profits documented the vast involvement of the bank in providing services to settlement local and regional councils. The report has shown that the provided serviced to the following settlements: Megilot Dead- Sea regional council, Shomron regional council, Har Adar local council and Katzrin local council. Click here to read the full report about the involvement of the Israeli banks in the settlement enterprise from February 2017.
Branches in settlements:
The bank operates branches in the following branches: Ma'ale Adumim, Beitar Illit and Ariel (2 branches) in the occupied West Bank; French Hill, Ramat Eshkol, Ramot, Pisgat Ze'ev, Neve Ya'acov and Armon Hanatziv in occupied East Jerusalem; Bnai Yehuda in the occupied Syrian Golan.
Hapoalim bank benefits from access to the Palestinian monetary market as a captive market. It operates a branch in Salah al-Deen Street in East Jerusalem.
Be a part of our community
Join Our Mailing List
Hapoalim Bank
בנק הפועלים
Head office: 50 Rotschild Blvd., Tel-Aviv Tel: +972-3-7144669
One of the largest Israeli commercial banks.
Financing construction in illegal settlements and settlement infrastructure projects:
In 2021, Bank Hapoalim granted the company Sasi a loan for the construction of 552 housing units in the settlement of Giva'at Ze'ev in the occupied West Bank, according to plan no. 9\220. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2021, Bank Hapoliam granted a loan for the company Tsipiya Yazamut for the construction of 18 housing units in Ma'ale Adumim, according to plan no. 52\3\1\420 (on the lands of al-Izariya). The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2019 and 2021, Bank Hapoalim gave a loan to the company YSD Meitav for the construction of 44 housing units in Ma'ale Efraim settlement in the occupied West Bank, according to plan no. 1\13\310. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2021, Bank Hapoalim granted the company Epi Capital a loan for the construction of 180 housing units in Givat Hamatos, located in occupied East Jerusalem, according to plan מק\19245- Guidelines for Unification and Division without Owners` Consent in Givat HaMatos. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2021, Bank Hapoalim granted the company A. Haver a loan for its project in Beitar Illit, after the company won tender יש\2021\10 with the Israel Land Authority, according to plan 10\3\1\1\426 (on the lands of the village of Husan). The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2021 and 2022, Bank Hapoalim granted the company Ba'al Hatanie a loan for its construction project of 32 housing units in the settlement of Efrat 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.
In 2021, Bank Hapoalim provided the company Ofer Aharon with a loan for a construction project in Beitar Illit, based on the tender יש\10\2021, according to plan no. 10\3\1\1\426 (on the lands of Husan village). The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2020 and 2021, Bank Hapoliam provided the company Ofer Aharon a mortgage for a construction 125 housing units in Har Homa settlement neighborhood in ouccpied Est Jerusalem, according to plan 10310.
In May 2020, Bank Hapoalim granted the company Eli Yohanan a loan for a lot in Beitar Illit settlement, 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.
In 2020, the bank granted the company Mishkan Eliyahu a loan for the construction of 104 housing units in the settlement of Ma'ale Adumim settlement in the occupied West Bank, according to plan no. 42\4\1\420 for construction in Ma'ale Adumim, specifically on the lands of al-Izariya village. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's entire assets in the time the specific property was held as collateral.
In 2020, Bank Hapoalim granted the Company for the development of Mateh Binyamin a loan for the construction of 372 housing units in the settlement of Beit Arieh in the occupied West Bank, according to plan no. 2\2\202. The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. The bank also holds as collateral the company's full assets during the period within which the agreement was reached.
In 2020, Bank Hapoliam granted the company Mivneh a loan for a consturction project in Karnei Shomron settlement in the occupied West Bank, according to plan no. 117\8 (on the lands of the Palestinian village of Deir Estya). The bank holds as collateral the company’s contractual and actual rights in the land and project.
In 2020, Bank Hapoliam provided the company Mivneh with a 3,500,000 NIS loan for a 12,000 meter plot in Kiryat Arba industrial zone in the occupied West Bank. The bank holds as collateral the company’s contractual and actual rights in the land and project.
In 2020, Bank Hapoalim led a consortium including it and three other financial institutions for financing the expansion of the Red Line and the establishment of the Green Line as part of the Jerusalem Light Rail with NIS 3.5 billion. The Jerusalem light rail connects large Israeli settlement blocs in occupied East Jerusalem with the western part of the city, expropriating occupied Palestinian land and promoting increased territorial contiguity for settlements alongside growing territorial fragmentation for East Jerusalem’s Palestinian neighborhoods. One of the other financial institutions includes the First International Bank of Israel. Read more on the expansion of the Red Line and the establishment of the Green Line in Who Profits` update Spanish Multinational CAF and Israeli Shapir Win Tender to Expand the Jerusalem Light Rail.
Bank Hapoalim finances a wind energy project in the occupied Syrian Golan, established by the company Enlight, with a total amount of NIS 950 milliom-1.1 billion . According to Who Profits report, the Ruach Beresheet wind farm is a wind energy project to be built in the Mount Peres (Tall al-Faras) area in the southeastern Golan. The planned wind farm takes up an area of 12,654,000 m2 of Syrian land and is expected to generate 130 MW through 42 wind turbines, enough to power approximately 60,000 households. It benefits the settlements of Avnei Eitan, Kanaf, Yonatan, Mevo Hama, Ramat Magshimim and Alonei Habashan.
Bank Hapoalim will finance Superbus's Jerusalem cluster, with NIS 490 million. The cluster includes bus lines that reach settlements in Jerusalem and the West Bank. It operates bus lines to and from the following settlements: The Jewish Quarter, French Hill, Giva'at Hamivtar, Ramat Eshkol, Ma'ale Hazitim, Ir David, Ramot, Givat HaMatos, Armon HaNatziv, Kever Rachel (Rachel's Tomb) in occupied East Jerusalem, and Nabi Samuel in the occupied West Bank.
In 2019, Bank Hapoalim granted the company Mishkan Eliyahu a loan for its project in the settlement of Beitar Illit. The company won the tender in 2018 for the construction of 4-6 housing units in the settlement, according to plan no. 10\ב\7\426 (Changes in Land Designation in Beitar Illit on the Land of the Village of Husan). The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project.
In 2019, Bank Hapoalim granted the company Zalman Barashi a loan for its project of expanding the Kfar Adumim settlement in the occupied West Bank with 300 additional housing units. The bank holds as collateral the company’s contractual and actual rights in the land and project.
In 2019, Bank Hapoalim provided a loan for the company Bonim Nachon for a construction project in Beitar Illit, according to plan no. 8\426 (on the lands of Wadi Fukin, Husan, Nahalin). The bank holds as collateral the company’s contractual and actual rights in the land and project, including the right to receive funds from homebuyers and the right to receive VAT refunds and any other funds from Israeli tax authorities in relation to this project. In 2020, 2021 and 2022, Bank Hapoliam granted the company a loan for construction projects in Beitar Illit, according to the same plan.
In 2017, Who Profits documented the vast involvement of the bank in settlement construction. The report has shown that the bank accompanied construction projects in the following settlements: Beitar Illit, Ma'aleh Adumim and Efrat in the occupied West Bank, and Har Homa, and Pisgat Ze'ev in occupied East Jerusalem. Some of the projects were constructed by companies profiled on our database, such as Bardarian Brothers and Y.D. Barzani. Click here to read the full report about the involvement of the Israeli banks in the settlement enterprise from February 2017.
Services to settlement local and regional councils:
On 23 May 2021, The Gush Etzion regional council general assembly decided to open 4 new bank accounts in Hapoalim Bank, based on a price quote provided by the bank to the council.
The Efrat local council invests NIS 15 million divided between three investment firms and three banks, one of which is Hapoalim Bank.
In 2020, banks account belonging to the Megilot Dead Sea regional council were managed by Hapoalim Bank.
On 25 April 2021, the Elkana local council general assembly agreed to ask Hapoalim Bank for a NIS 1.5 million loan.
In 2021, the Golan regional council general assembly agreed to finalize a NIS 3 million loan agreement with Hapoalim Bank for the construction of solar rooftops.
Hapoalim Bank holds a 15-year agreement (ends in 2022) with the local council of Givat Ze'ev. The bank holds as collateral the council's revenues, except ones provided from the government's budget.
Hapoalim Bank holds a 99-year agreement (end in 2114) with Kdumim local council. The bank holds a collateral the council's funds, except the ones received from the government's budget and from water and sewage.
Hapoalim Bank holds a 99-year agreement (ends in 2114) with Ma'ale Adumim municipality. The bank holds a collateral all of the municipality's funds, except the ones received from the government's budget and from water and sewage.
On 15 December 2019, the Megilot Dead-Sea regional council general assembly agreed on a NIS 2 million loan from Hapoalim Bank, for a period of 15 years.
In 2017, Who Profits documented the vast involvement of the bank in providing services to settlement local and regional councils. The report has shown that the provided serviced to the following settlements: Megilot Dead- Sea regional council, Shomron regional council, Har Adar local council and Katzrin local council. Click here to read the full report about the involvement of the Israeli banks in the settlement enterprise from February 2017.
Branches in settlements:
The bank operates branches in the following branches: Ma'ale Adumim, Beitar Illit and Ariel (2 branches) in the occupied West Bank; French Hill, Ramat Eshkol, Ramot, Pisgat Ze'ev, Neve Ya'acov and Armon Hanatziv in occupied East Jerusalem; Bnai Yehuda in the occupied Syrian Golan.
Hapoalim bank benefits from access to the Palestinian monetary market as a captive market. It operates a branch in Salah al-Deen Street in East Jerusalem.
Ownership
Publicly traded on tase under the ticker symbol PAL.
Major shareholders: Arison Investments (1998) Ltd. (7.90%); Clal Group (7.05%); Haphoenix Holdings (4.75%); Excellence Investments (2%); Altshuler Shaham (10.02%); Harel Investments (7.41%); Meitav Dash (5.28%).
Director- Dov Kotler
Chairman of board of directors- Reuven Krupik
Subsidiaries
Hapoalim (Switzerland) Ltd. (100%); Bank Pozitif Kredi va Kalkinma Bankasi Anonim Sirketi (69.8%); Hapoalim Equity- Holdings Ltd. (100%); Tarshish- Holdings and Investment Poalim Ltd. (100%); Opaz Ltd. (100%); Continental Poalim Ltd. (100%); Hapoalim Properties (Shares) Ltd. (100%); Zohar Hashemesh Investments Ltd. (100%); Banque Hapoalim (Luxembourg) S.A. (100%); Diur B.P. Ltd. (100%); Peilim Portfolio Management Ltd. (100%); Pqaot Poalim Ltd. (100%).
Partners
* This section refers to the company's general business partners