
If you're looking for banks that support Israel and invest responsibly, you'll want to consider the following options.
Bank Hapoalim is one of the largest banks in Israel and has a long history of supporting the country's economy and people.
Bank Leumi, another major bank in Israel, has a strong commitment to social responsibility and has invested in various initiatives to promote economic growth and stability in the region.
Some of these banks have also made significant investments in renewable energy sources, such as solar and wind power, to reduce their environmental impact and reliance on fossil fuels.
Banks Supporting Israel
Several foreign banks have a presence in Israel. BNP Paribas Israel, for example, opened its branch in 1996.
Some of the notable foreign banks in Israel include Southeast Global Nà Ni Bank, which opened its branch in 2019, and Citibank Israel, which had two different branch openings: 1996 and 2000.
Here's a list of some of the foreign banks that have a presence in Israel:
Foreign Banks
Foreign banks have been present in Israel for several decades, with some having a longer history than others. BNP Paribas Israel was the first to open its branch in 1996.
BNP Paribas Israel was followed by Citibank Israel, which initially opened its branch in 1996, but then reopened it in 2000. Southeast Global Nà Ni Bank is a more recent addition, opening its branch in 2019.
The year 2001 saw the arrival of HSBC Israel, and State Bank of India opened its branch in 2006. Barclays Bank joined the scene in 2011.
Here are the foreign banks that have established a presence in Israel, along with the year they opened their branches:
Investment Options
Bank Leumi offers a range of investment options, including stocks, bonds, and mutual funds. Its investment platform allows customers to invest in various assets, both locally and internationally.
Mizrahi-Tefahot Bank's investment services include brokerage services, investment advice, and portfolio management. This enables customers to create a diversified investment portfolio.
Hapoalim Bank's investment options include a variety of savings accounts, investment accounts, and pension plans. These accounts can be used for long-term savings and investment goals.
Bank Hapoalim's investment platform also offers a range of investment products, including unit trusts and investment funds. These products can be used to invest in a variety of assets, such as stocks, bonds, and real estate.
Bank Leumi's investment services include investment advice, portfolio management, and brokerage services. This enables customers to create a customized investment plan that meets their individual needs and goals.
The banks' investment options are designed to help customers achieve their long-term financial goals, whether it's saving for retirement, a down payment on a house, or a major purchase.
Responsible Investing
Investing in banks that support Israel can be a complex decision, but it's essential to consider their social and environmental impact.
Some banks, like Bank Leumi, have made efforts to reduce their carbon footprint and promote sustainable practices.
Investors can look for banks that prioritize ESG (Environmental, Social, and Governance) factors in their lending and investment decisions.
Bank Hapoalim, for example, has implemented various initiatives to promote social responsibility and community development.
Responsible investing involves considering the long-term consequences of your investments and choosing banks that align with your values.
By supporting banks that prioritize ESG factors, investors can contribute to a more sustainable and equitable financial system.
Sources
- https://www.jpmorgan.com/IL/en/about-us
- https://en.wikipedia.org/wiki/List_of_banks_in_Israel
- https://www.businesstimes.com.sg/companies-markets/us-banks-tech-firms-offer-support-israel-victims-announce-aid
- https://www.insurancebusinessmag.com/uk/news/breaking-news/axa-alleged-to-have-divested-from-all-israeli-banks-502670.aspx
- https://theintercept.com/2023/04/06/israel-arms-scotiabank-elbit-david-fingold/
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