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| Company type | Public |
|---|---|
| Industry | Banking |
| Founded | 1951; 74 years ago (1951) |
| Headquarters | Tel Aviv, Israel |
| Net income |  ₪225 million (2015) |
| Total equity | ₪40.8 billion (2014) |
| Number of employees | 5,173 |
| Website | www.unionbank.co.il |
| Footnotes / references | |
The Union Bank of Israel, Ltd. (Template:Lang-he); TASE: UNON), more widely known by its Hebrew name, Bank Igud, is the sixth largest Israeli bank, with thirty branches spread around the country.
In September 2020, Bank Mizrahi-Tefahot acquired all the shares of Bank Igud, therefore legally as of October 1, 2020, Igud Bank ceased to exist as a publicly traded company and became a subsidiary of Bank Mizrahi-Tefahot. Mizrahi appointed 4 directors to the bank's board, and also appointed Moshe Levi as chairman of the board in place of Zeev Aviel. By November 15, 2022, all Igud Bank customers were transferred to Mizrahi-Tefahot. On 31 December, 2022, the merger process was completed entirely, and "Igud" ceased to exist as an entity.
In 2014, Bank Igud held a market share of about 3% of the banking system in Israel, focusing on commercial activity for high-income earners.
References
- "דף הבית - מאיה – מערכת אינטרנט להודעות | הבורסה לניירות ערך". מאיה.
- Katsovitch, Guy (20 March 2013). "First International Bank profit jumps 20% in 2012". Globes. Retrieved 26 March 2013.
- שטיין, רון (2020-09-23). "המיזוג בין בנק מזרחי טפחות לבנק אגוד יוצא לדרך". Globes. Retrieved 2024-02-25.
External links
- Official website (in Hebrew)
- Official website (in English)
| Banks in Israel | |
|---|---|
| Central bank | |
| Major banks | |
| Other banks | |
| See also: Banking in Israel | |
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