Arab Israel Bank
Arab Israel Bank (Ai Bank) (Hebrew: בנק ערבי ישראלי, Arabic: البنك العربي الإسرائيلي) is a bank in Israel established in 1961. It is owned by Bank Leumi and caters to the country's Arab population.[2]
Native name | البنك العربي الإسرائيلي בנק ערבי ישראלי |
|---|---|
| Company type | Subsidiary |
| Industry | Banking |
| Founded | 1961 |
| Headquarters | |
Area served | Israel |
| Services | Financial services |
| Revenue | NIS 170.8 million[1] |
| NIS 49.2 million[1] | |
| Parent | Bank Leumi |
| Website | arabic.leumi.co.il (AR) |
History
In 1971, Bank Leumi acquired Arab Israel Bank (established 1960), which serves mainly the Arab citizens of Israel in the north of the country.[1] Ai Bank has 35 branches located in Israel's northern and Triangle regions.
The bank is primarily focused on retail banking and has around 470 employees.[3]
In January 2016, the bank merged into Bank Leumi, and its branches became branches of Bank Leumi.
References
- Net Earnings of NIS 49.2 million for the Arab Israel (ai) Bank
- The Bank of Israel:Volume 2
- BDI Code Archived September 1, 2014, at the Wayback Machine
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