Global Finance magazine named Bank Hapoalim Israel’s best bank for the third consecutive year in its annual report on the world’s top banks, released Sunday.
The magazine’s editors made the selection “after extensive consultations with bankers, corporate financial executives and analysts throughout the world,” the publication said. The 2014 list also took a poll of its corporate readers for the first time.
“The banks that Global Finance is honoring set themselves apart by anticipating and responding to the specific needs of their customers, which vary greatly from country to country and region to region,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “With the recovery from the financial crisis moving along slowly, these banks have performed the best under very difficult conditions.”
Bank Hapoalim CEO Zion Kenan credited several of the bank’s recent initiatives for its success, such as its program to help households and small businesses obtain checking-account services at reasonable prices and the merging of its brokerage and dealing rooms into one trading venue.
“Bank Hapoalim is continuing to apply a strategy that is based on a commitment to lead in professional, advanced and innovative banking services,” he said.