Bank Leumi

Leumi, Shestovitz take stakes in Profit Finance Group with NIS 670 million investment

Leumi Partners and Shestovitz Properties acquired NIS 670M in Profit Finance Group, which manages NIS 100B. Founders Elberg and Banai retain control after a massive valuation leap since 2021.

Co-founders and owners of Profit Financial Group, Shlomi Elberg and Assaf Banai.
Maya Eisen Zafrir, CEO of LeumiTech

Despite the war: Israeli high-tech opens 2026 with approximately $3.1 billion in funding

Chairman of the Board of Bank Leumi, Uri Alon

“The human capital of Israel’s economy is what continues to drive its growth”

Branch of Bank Leumi

Bringing a banker to your at home


Reports of money laundering on the rise in Israel

Money laundering - the practice of concealing the origins of illegally-obtained money - helps finance terrorist and criminal groups.

Shekel money bills

One-on-one with an Israeli revolutionary

Some consider political activist and criminal lawyer Barak Cohen a violent bully; for others he is a source of inspiration. In an interview he explains more about his tactics and offers advice.

Israelis take part in a demonstration against austerity measures in Tel Aviv in 2013

Knesset seeks expanded subpoena powers to probe banks’ secret deals

Lawmakers seek expanded powers to force banks to reveal confidential information about customers.

economic outlook graph economy money 150

‘We’ve got to change the norms’

American-Israeli Eliezer Jaffe works to bring interest-free loans to first-time home buyers.

ELIEZER JAFFE, founder and president of the Israel Free Loan Association, wants to help first-time home buyers with their down payments

'Fortune' ranks Israeli Bank Leumi CEO among most powerful women

Russak-Aminoach, the only Israeli on the list, was ranked 43rd on the 50-strong list dominated by countries such as the UK, China and Switzerland.

Bank Leumi CEO and President Rakefet Russak-Aminoach

Kahlon, Flug strike deal on financial sector reform

Proposal would spin credit card companies out from biggest banks, allow them to become banks in their own right.

Moshe Kahlon

NGO: No protection for Israeli banks with PA ties in terrorism lawsuits

Last February, a US jury handed down a $655.5 million judgment in wrongful death damages against the PA in a case brought by 10 American families that lost relatives in Palestinian terrorist attacks.

A WOMAN uses an automated teller machine outside a Bank Hapoalim branch in Tel Aviv three years ago.

Knesset passes limits on finance executives' pay

The law limits tax breaks on executive salaries at NIS 2.5 million a year, or 44 times the salary of the lowest-paid worker.

A WOMAN uses an automated teller machine outside a Bank Hapoalim branch in Tel Aviv three years ago.

First faxes, now e-check; Knesset paves way for cashing checks electronically

Customers will now be able too cash checks using their smart phones instead of going to deposit them in bank branches, and the funds will be quicker to clear.

money

A BDS victory - US church pension board blacklists Israeli banks

The announcement was reported by 'The New York Times'.

Bank Leumi