Arab Israel Bank
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Arab Israel Bank (Ai Bank) (, ) is a
bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...
in
Israel Israel, officially the State of Israel, is a country in West Asia. It Borders of Israel, shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west, and the Mediterranean Sea to the west. Isr ...
established in 1961. It is owned by
Bank Leumi Bank Leumi (, lit. ''National Bank''; ) is an Israeli bank. It was founded on February 27, 1902, in Jaffa as the ''Anglo Palestine Company'' as subsidiary of the Jewish Colonial Trust () Limited formed before in London by members of the Zionism, ...
and caters to the country's Arab population.


History

In 1971, Bank Leumi acquired Arab Israel Bank (established 1960), which serves mainly the
Arab citizens of Israel The Arab citizens of Israel form the country's largest ethnic minority. Their community mainly consists of former Palestinian Citizenship Order 1925, Mandatory Palestine citizens (and their descendants) who continued to inhabit the territory ...
in the north of the country.Net Earnings of NIS 49.2 million for the Arab Israel (ai) Bank
/ref> Ai Bank has 35 branches located in Israel's northern and
Triangle A triangle is a polygon with three corners and three sides, one of the basic shapes in geometry. The corners, also called ''vertices'', are zero-dimensional points while the sides connecting them, also called ''edges'', are one-dimension ...
regions. The bank is primarily focused on retail banking and has around 470 employees.BDI Code
 In January 2016, the bank merged into Bank Leumi, and its branches became branches of
Bank Leumi Bank Leumi (, lit. ''National Bank''; ) is an Israeli bank. It was founded on February 27, 1902, in Jaffa as the ''Anglo Palestine Company'' as subsidiary of the Jewish Colonial Trust () Limited formed before in London by members of the Zionism, ...
.


See also

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Economy of Israel An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with ...
*
List of banks Lists of banks are contained in the following articles: By continent * List of banks in Africa – Each country in Africa has a list of banks operating in that country * List of banks in Asia – Each country in Asia has a list of banks oper ...
*
List of banks in Israel A list is a set of discrete items of information collected and set forth in some format for utility, entertainment, or other purposes. A list may be memorialized in any number of ways, including existing only in the mind of the list-maker, but ...


References

{{Israeli banks Banks of Israel Financial services companies of Israel Banks established in 1961 Israeli brands *