Anglo-Palestine Bank

Bank Leumi

Type	Public company (: LUMI)
Industry	Banking
Founded	February 27, 1902; 114 years ago (1902-02-27), Jaffa, Independent Sanjak of Jerusalem, Ottoman Empire
Founder	Jewish Colonial Trust (Jüdische Kolonalbank) Limited, London, UK
Headquarters	Tel Aviv, Israel
Area served	Israel and 21 other countries
Key people	Rakefet Russak-Aminoach (President and CEO) David Brodet, Chairman
Products	Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management
Services	Financial Services
Revenue	₪13.21 billion (2015)
Operating income	₪2.83 billion (2015)
Net income	₪28.8 billion (2015)
Total assets	₪416 billion (2015)
Number of employees	12,528 (2016)
Subsidiaries	Arab Israel Bank
Website	www.leumi.co.il

Bank Leumi (Hebrew: בנק לאומי‎‎, 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 (Jüdische Kolonalbank) Limited formed before in London by members of the Zionist movement to promote the industry, construction, agriculture, and infrastructure of the land hoped to ultimately become Israel. Today, Bank Leumi is Israel's largest bank (by total assets as of 2015), with overseas offices in Luxembourg, USA, Switzerland, the UK, Mexico, Uruguay, Romania, Jersey, and China.

Though nationalized in 1981, now Bank Leumi is mainly in private hands, with the government as the largest single shareholder, with 14.8% of the stock (as of June 2006). The other major shareholders are Shlomo Eliyahu and Branea Invest, which each hold 10% of the stock, constituting the control core of the bank. Sixty percent of the bank's stocks are held by the public and traded on the .

The Jewish Colonial Trust (Jüdische Kolonalbank) Limited, predecessor to the present Bank Leumi was founded at the Second Zionist Congress and incorporated in London in 1899 as the financial instrument of the Zionist Organization. The initial capital raised—a total of £395,000—fell far short of the £8 million target; Nahum Sokolow in 1919 wrote: "The British East Africa Company, which administered 200,000 square miles, began with the same amount £250,000." At the time, Zionists did not feel that there was any taint to being identified with colonialism.

The bank's activities in Palestine were carried out by the Anglo-Palestine Bank, a subsidiary formed in 1902. The bank opened its first branch in Jaffa in 1903 under the management of Zalman David Levontin. Early transactions included land purchase, imports and obtaining concessions. Branches were opened in Jerusalem, Beirut, Hebron, Safed, Haifa, Tiberias and Gaza.