Bank Hapoalim named Bank of the Year

Prestigious banking magazine 'The Banker' names Bank Hapoalim top bank of the year for the second year in a row.

People make transactions at Bank Hapoalim ATM 370 (photo credit: Ariel Jerozolimski)
People make transactions at Bank Hapoalim ATM 370
(photo credit: Ariel Jerozolimski)
Bank Hapoalim has been chosen as Bank of the Year in Israel for 2012, for the second consecutive year, by the prestigious banking magazine The Banker, a publication of the Financial Times Group. The award was announced at a ceremony held by The Banker in London.
Melissa Hancock, Middle East Editor of The Banker, commented on the considerations that led the magazine to choose Bank Hapoalim for this award: “Bank Hapoalim was the standout winner of our Bank of the Year in Israel award,” she said. “It has continued to record impressive growth across all segments of its business, as reflected in its 25 percent annual increase in profits, while also trailblazing in the fields of mobile and online banking. In a country of around 7.5 million inhabitants, Hapoalim’s online banking now has more than 850,000 users who perform around 1.3m. information queries per day. This has helped it to further solidify its market leader status.”
In the past year, Bank Hapoalim won similar recognition from the esteemed international magazines Euromoney and Global Finance.
In addition, Bank Hapoalim was chosen as the best banking website in Israel and the best mobile banking services in the Middle East by Global Finance magazine.
Bank Hapoalim’s CEO Zion Kenan commented: “We are culminating three years of renewal and growth, with strong momentum in every area of our business, leading to improving profitability. Winning this prestigious award, which follows a series of other wins, is important recognition by industry experts of the outstanding performance and impressive achievements of Bank Hapoalim across its business.
“The bank’s success in executing the growth strategy is made possible by the excellence and persistence of our employees. We also are proud of the significant loyalty of our customers, who choose to do business with us every day.”
The Banker’s Bank of the Year award is considered one of the most prestigious awards in the global banking industry. The award is granted based on a combination of data received from banks around the world with analysis by the magazine’s experts.
In addition to financial performance, other factors taken into account include the bank’s strategy, growth directions, initiatives designed to enhance returns, adoption and implementation of advanced technologies, and more.