Bank Hapoalim

Bank Hapoalim is the largest financial institution in Israel.

Business

The bank was founded in 1921 as The Workers Bank Ltd.. ( Bank ha - Poalim ) founded by the Histadrut ha - Owdim in Tel Aviv. The Histadrut retained control of the bank to the year 1983. Thereafter, the bank came under the supervision of the state. In 1996, an investor group led by Ted Arison, the company acquired. His daughter Shari Arison, the wealthiest woman of Israel and the Middle East, was over the Arison holding 22.6 percent of the shares of the Bank ( 2011).

In January 2014, the Danish banks PGGM and the Danske Bank decided not to invest more in the bank Hpoalim. The reason the Bank's involvement was called to co-finance the illegal Israeli settlement construction.