Bank Hapoalim

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  Bank Hapoalim BM
logo
Bank Hapoalim, 2010
Country IsraelIsrael Israel
Seat Tel Aviv IsraelIsraelIsrael 
legal form BM ( Be'eravon Mugbal )
ISIN IL0006625771
BIC POALILIT
founding November 30, 1921
Website www.bankhapoalim.com
Business data 2018
Total assets 460.926 billion ILS
Employee 9,723 (annual average)
Offices 225 (in Germany)
management
Board of Directors Oded Eran ( COB )
Board Ari Pinto (President and CEO )

The Bank Hapoalim is a company founded in 1921, financial institution in Israel .

Companies

The bank was founded on November 30, 1921 as The Workers Bank Ltd ( Bank ha-Poalim ) by the Histadrut in Tel Aviv . The Histadrut retained control of the bank until 1983. After that, the credit institution came under the supervision of the state. In 1996 a group of investors around Ted Arison acquired the company. His daughter Shari Arison , the wealthiest woman in Israel and the Middle East , held 22.6 percent of the bank's shares through Arison Holding (2011).

In January 2014, the Dutch pension fund PGGM and Danske Bank decided to stop investing in Hapoalim. The reason given was the bank's participation in co-financing the Israeli settlement construction .

criticism

In May 2020, Der Spiegel reported that the bank had agreed to pay a heavy fine of around $ 900 million to avoid prosecution . Between 2002 and 2014, the bank helped customers hide assets from US citizens in offshore accounts - in order to avoid tax payments.

The banks would also have to pay around 30 million dollars because of their involvement in the bribery scandal of the world football association Fifa . For almost five years, bank employees used the US financial system to launder $ 20 million for "corrupt soccer officials in several countries." The Hapoalim branch in Miami used the laundered funds between 2010 and 2015. They came from sports marketing officials who worked for the Argentine company "Full Play Group". With them, FIFA representatives were bribed, who in return granted lucrative broadcasting rights for the Copa America .

See also

Web links

Commons : Bank Hapoalim  - Collection of images, videos and audio files

Individual evidence

Shares of Bank Hapoalim
  1. ↑ Entry in the BIC directory at SWIFT
  2. ↑ Annual Report 2018. (PDF; 3.8 MB) pp. 15, 146, 414 , accessed on May 14, 2019 (English).
  3. ^ Board of Directors. Accessed May 14, 2019 .
  4. ^ Board of Management. Accessed May 14, 2019 .
  5. ↑ Mordecai Naor: Eretz Israel. The 20th century. Könemann, Cologne, 1998, ISBN 3-89508-594-4 , p. 114
  6. ↑ Forbes: Shari Arison March 2013, accessed December 24, 2013
  7. ↑ [1]
  8. ↑ A major Israeli bank has to pay a fine of hundreds of millions of dollars. SPIEGEL Wirtschaft , May 1, 2020 (accessed June 17, 2020)