Bank of Jerusalem
Encyclopedia
Bank of Jerusalem, Ltd. is Israel's seventh largest bank, with total assets of 9,301 million shekels.
bank and in 1992 had an initial public offering
on the Tel Aviv Stock Exchange
. In August 1998, Bank of Jerusalem received a commercial banking license from the Bank of Israel
, replacing the financial-institution license that it had held until then. By obtaining this license, Bank of Jerusalem completed its transformation into a commercial bank that specializes in real estate, the capital market, and international banking.
Bank of Jerusalem is headquartered in Jerusalem and has seventeen branches around the country.
The Bank is controlled by Export Investment Corp., Ltd., a public company controlled by the Shoval family.
History
The bank was founded in 1963 as a mortgageMortgage loan
A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan...
bank and in 1992 had an initial public offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
on the Tel Aviv Stock Exchange
Tel Aviv Stock Exchange
The Tel Aviv Stock Exchange in Tel Aviv is Israel's only stock exchange.The TASE is the only public market for trading securities in Israel. It plays a major role in the Israeli economy....
. In August 1998, Bank of Jerusalem received a commercial banking license from the Bank of Israel
Bank of Israel
The Bank of Israel is the central bank of Israel. It is located in Kiryat HaMemshala in Israel's capital city of Jerusalem, with a branch office in Tel Aviv. The current governor is Stanley Fischer.-History:...
, replacing the financial-institution license that it had held until then. By obtaining this license, Bank of Jerusalem completed its transformation into a commercial bank that specializes in real estate, the capital market, and international banking.
Bank of Jerusalem is headquartered in Jerusalem and has seventeen branches around the country.
The Bank is controlled by Export Investment Corp., Ltd., a public company controlled by the Shoval family.