Tag Archive for Bank Hapoalim

Israel Bank Hapoalim is latest to threaten termination of ties with Palestinian banks over terror-funding




Bank Hapoalim has in recent days told the Finance Ministry it intends to sever working ties with corresponding Palestinian banks if the state does not provide overarching protection against related criminal and civil lawsuits.

PA President Abbas routinely pays terrorist & their families who kill Jews – PMW screenshot

A recent board meeting came to the conclusion that the bank is exposed to possible lawsuits if it is discovered that funds transferred to Palestinian banks ended up funding terrorist activities. Continue Reading »

Israel’s Top Bank Hires Former President Shimon Peres For $30K a Month

Israel’s Bank Hapoalim denies putting ‘Peres & Associates’ on monthly retainer of $30,000 is aimed to help block projected government reforms.
• Peres’ company says revenues generated “goes to philanthropic & social projects, and to charity.”

By Hezi Sternlicht, Zeev Klein, and Israel Hayom Staff


Bank Hapoalim, Israel’s largest bank, has retained the services of former President Shimon Peres to promote some of its business interests, the financial daily The Marker reported Monday.

Former President Shimon Peres – Photo: Reuters

According to the report, the bank pays Peres and Associates, a company owned by the former president and managed by his son, Chemi Peres, a monthly retainer of $30,000 in consulting fees. Continue Reading »

Denmark’s largest bank boycotts Israel’s Hapoalim over new home construction

Danske Bank accuses Bank Hapoalim of violating rules of int’l humanitarian law.

Danish bank already withdrew investments from 2 Israeli firms.


Denmark’s largest bank decided to blacklist Bank Hapoalim because of its involvement in the funding of settlement construction.

Construction site in the West Bank settlement of Modiin Illit.

Construction site in the West Bank settlement of Modiin Illit. – Photo: AP

Danske Bank added Bank Hapoalim to its list of companies in which the company cannot invest due to its corporate accountability rules.

In an announcement posted on its website, the bank stated that Bank Hapoalim was acting against the rules of international humanitarian law.

Israeli website Walla reported on the Danish bank’s decision earlier on Saturday. Continue Reading »