Question 1

What is Bank of Jerusalem?

Accepted Answer

Bank of Jerusalem is a commercial bank based in Israel and is the country's seventh-largest banking institution. Founded as a mortgage bank, it has evolved into a full-service commercial bank specializing in real estate financing, capital markets, international banking, and retail banking services. The bank operates with total assets exceeding 14 billion shekels and serves customers throughout Israel with a focus on transparent, straightforward banking practices.

Question 2

When was Bank of Jerusalem founded?

Accepted Answer

Bank of Jerusalem was founded in 1963 as "Bank Yerushalayim for Development and Mortgages Ltd." The bank was established by British philanthropists Charles Clore and Isaac Wolfson, along with local businessman Mordechai Meir and the Municipality of Jerusalem. The original purpose was to support housing development and residential construction in Jerusalem. Mordechai Ish-Shalom, the Mayor of Jerusalem at the time, was appointed as the bank's first president.

Question 3

Where is Bank of Jerusalem headquartered?

Accepted Answer

Bank of Jerusalem is headquartered in Jerusalem, Israel. The bank maintains dual headquarters locations, with offices in Jerusalem and at Airport City near Tel Aviv. This strategic positioning allows the bank to serve both the capital city and the country's commercial center effectively.

Question 4

Where does Bank of Jerusalem operate?

Accepted Answer

Bank of Jerusalem operates throughout Israel with approximately 24 to 25 branches nationwide. The bank has a presence in major cities and regional centers across the country, providing banking services to customers in diverse locations. The branch network includes locations in Jerusalem, Tel Aviv, and other urban and suburban areas throughout Israel, supported by a network of ATMs offering cash withdrawal, deposit, and check deposit services.

Question 5

What services does Bank of Jerusalem offer?

Accepted Answer

Bank of Jerusalem offers comprehensive commercial banking services including consumer banking, corporate banking, mortgage loans, and investment banking products. The bank specializes in real estate financing and capital market activities. Services include current accounts, savings accounts, credit cards, personal loans, commercial credit facilities, securities trading, and asset management. Digital services include internet banking, mobile banking applications, and a customer contact center. The bank emphasizes transparent pricing with simplified fee structures and clear terms without complex fine print.

Question 6

What makes Bank of Jerusalem unique?

Accepted Answer

Bank of Jerusalem distinguishes itself through its commitment to transparent, straightforward banking practices with minimal fees and simplified terms. The bank has eliminated most traditional banking fees and uses plain language in customer communications, avoiding complex legal jargon. It positions itself as a customer-friendly alternative to larger banks, emphasizing equal treatment across all customer segments. The bank's historical focus on Jerusalem's development and its subsequent transformation into a full commercial bank while maintaining specialized expertise in real estate and capital markets sets it apart in the Israeli banking sector.

Question 7

What type of financial institution is Bank of Jerusalem?

Accepted Answer

Bank of Jerusalem is a commercial bank (bank mishari) licensed by the Bank of Israel. It received its commercial banking license in 1998, upgrading from its previous status as a financial institution. As a commercial bank, it is authorized to provide the full range of banking services including demand deposits, checking accounts, and all activities permitted under Israeli banking law. The bank is a publicly traded company listed on the Tel Aviv Stock Exchange (TASE: JBNK) and is controlled by Export Investment Corporation Ltd., which is owned by the Shoval family.

Bank of Jerusalem

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About Bank of Jerusalem in Israel