A WOMAN uses an automated teller machine outside a Bank Hapoalim branch in Tel Aviv three years ago..
(photo credit: REUTERS)
Bank Hapoalim has been selected as "Best Bank in Israel" by the prestigious Global Finance magazine for the fifth consecutive year.
The announcement was part of the magazine's choice of the best banks in 29 developed countries worldwide. This followed a comprehensive examination, which included a series of consultations with senior officials in the banking and financial systems and with analysts.
The selection was made on the basis of a combination of objective criteria - such as asset volume, profitability data, development of new activities and product innovation - and an analysis that was based on the positions taken by analysts and other experts in the finance industry.
The decision was also based on the results of a poll which Global Finance conducted among its readers, in order to enhance the process for the selection of the best banks. The magazine's editors noted that the common characteristic among the banks that were selected this year, including Bank Hapoalim, was the combination of strength and vision – a combination which enabled them to outshine their peers.
Bank Hapoalim CEO Zion Kenan welcomed the news.
"This award was achieved thanks to our professional and dedicated employees and management, and by implementing a multi-year strategy, based on innovation and creativity,” Kenan said. “Bank Hapoalim's customers enjoy the highest level of service in the Israeli banking system, and we are pleased this wins the recognition of leading global professional entities throughout the years."