Bank Hapoalim Ltd.

Key Executives:

Yair Seroussi
Chairman

Zion Kenan
CEO

Investor Relations:

Effie Werber Phone: 972-3-567-3440

Web Site:

http://www.bankhapoalim.com/

Email:

effie.werber@mailpoalim.co.il

Exchange:

TASE	Symbol: POLI	Year Listed: 1993
LSE	Symbol: BKHYY (ADR)	Year Listed: 1999

Main Indexes:

TA25, TA100, TA Banking, TA Finance, Tel-Bond 20, Maala SRI

Industry:

Banking, Financial Services

Year Established:

1921

# of Employees:

13,605

Research Coverage:

Barclays Capital, Citi, Clal Finance, Credit Suisse, Deutsche Bank, DS Brokerage, IBI Investment House Ltd., Leader Capital Markets, Meitav Investment House, Psagot Securities, UBS

Auditor:

BDO Ziv Haft (member of BDO International), Somekh Chaikin (member of KPMG International)

Main Subsidiaries:

Rating:

Platinum (Rated by Maala CSR)

Office Address:

50 Rothschild Blvd., P.O. Box 27, Tel Aviv 61000 Israel

Address Abroad:

1177 Avenue of the Americas, New York, NY 10036 USA

Telephone:

972-3-567-3440

Fax:

972-3-567-3470

Israel’s leading financial institution

Since its founding in 1921, Bank Hapoalim has played a pivotal role in the rapid growth of Israel’s economy. Today, Hapoalim continues to be the leading financial institution in Israel. The bank maintains a global presence, operating in 20 countries throughout the world.

Bank Hapoalim is a universal bank in structure and operations. The bank boasts a very strong retail banking arm with the largest distribution network in the country. Through a wide range of banking options, it caters to consumers, SMEs and corporations across Israel.

Bank Hapoalim is the lender of choice to Israel’s largest corporations, and is active in financing industrial and commercial enterprises, as well as major infrastructure projects.

In Israel, Bank Hapoalim operates over 280 full-service branches, focusing on households, private (affluent) banking and small businesses. The bank offers a wide range of banking and payment products, capital market and foreign trade facilities, and a full gamut of financial planning advisory services, including pension and retirement planning.

Internationally, Bank Hapoalim operates through a network of subsidiaries, branches and representative offices in the United States, Europe, South America and Asia. The Bank’s thriving Global Private Banking services, led by Bank Hapoalim (Switzerland), serves high net-worth clients from around the world, with offices in Zurich, Geneva, Luxembourg, Tel Aviv, Miami, Singapore and Hong Kong.

The Bank Hapoalim Group includes Isracard Ltd, Israel's leading credit card company, as well as financial companies involved in investment banking, trust services and portfolio management.
The Bank plays an active role in the community, contributing generously to educational, social and cultural projects, and encouraging personal volunteering among its employees.

Management

CEO: Zion Kenan

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Directors

Chairman: Yair Seroussi

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Mali Baron

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Amnon Dick

Nira Dror

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Irit Izakson

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Moshe Koren

Yacov Peer

Efrat Peled

Nehama Ronen

Yair Tauman

Imri Tov

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Meir Wietchner

Yosef Yarom

Nir Zichlinskey

Moshe Luhmany

	Three Months Ended September 30		Nine Months Ended September 31
Income Statement Data ($m)	2011	2010	2011	2010
Interest Income*	471	553	1,655	1,520
Total Revenues*	797	873	2,654	2,527
Pretax Income	115	238	766	665
Net Income	127	140	559	401
Diluted Earnings Per Share ($)	0.09	0.11	0.42	0.30
*before provision for doughtful accounts Data translated at the NIS/$ exchange rate of 9/30/11

	Year Ended December 31
Income Statement Data ($m)	2010	2009	2008
Interest Income*	2,095	1,810	877
Total Revenues*	3,456	3,186	2,098
Pretax Income	945	621	-473
Net Income	593	355	-241
Diluted Earnings Per Share ($)	0.44	0.27	-0.19
*before provision for doughtful accounts Data translated at the NIS/$ exchange rate of 9/30/11

Balance Sheet Data ($m)	9/30/11	12/31/10
Cash & Equivalents	13,460	13,559
Net Loans	65,888	60,692
Total Assets	92,132	86,500
Total Equity	6,293	6,169
Data translated at the NIS/$ exchange rate of 9/30/11

Key Financial Ratios	9/30/11	12/31/10
Gross Loans/Total Deposits	97.6%	94.0%
Avg. Total Equity/Avg. Assets	8.5%	10.3%
Return on Equity	7.1%	6.9%
Return on Assets	0.8%	0.7%

Business Summary	2010
	Overall Credit Risk to the Public
Households	32%
Financial and business services	21%
Construction & real estate	20%
Industry	12%
Commerce	7%
Other services and infrastructure	8%

Dividend Policy

Up to 50% of net operating profits is distributed as dividends each year.

Main Shareholders
Arison Holdings Ltd.	20.23%

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BHI Private Banking
Through BHI (Bank Hapoalim International), the Bank offers sophisticated investors a dynamic “open architecture” private banking approach. Customer Relationship Managers (CRMs) build a personal relationship with each private banking client, and are always available for advice, reporting and related needs. CRMs offer clients direct access to professional portfolio management, investment products and services, and other services offered by a full-service international banking group.

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Corporate Banking
In Israel and overseas - in key financial centers, Bank Hapolaim offers corporate clients a full range of services, and specialized expertise in complex financing and trade structuring. Backed by a network of over 2,500 correspondent banks, the Bank offers a global presence, sound financial resources and recognized capabilities attuned to the dynamic, sophisticated international corporate community.

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Financial Institutions Group
The Financial Institutions Group (FIG) manages and coordinates global relations with financial institutions worldwide, including leading international banks, investment banks, and insurance companies. FIG offers a broad spectrum of services to Bank Hapoalim’s correspondent banks, including shekel clearing, custody, brokerage, investment banking, asset management, trust, trade and project finance, and treasury services.

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Announcements

30/11/2011
Bank Hapoalim Announces Third Quarter 2011 Financial Results: Net Profit totaled NIS 471 million; Return on Equity stood at 8.5%; Return on Equity for 9M 2011 was 12.4% More Info

31/8/2011
Bank Hapoalim Announces Second Quarter 2011 Financial Results More Info

31/5/2011
Bank Hapoalim Starts 2011 With Momentum: Net Profit increased 95.5% year-over-year to NIS 903 million Return on Equity improves to 16.8% More Info

All Announcements

News

Globes - 24/1/2012 - Hapoalim raises credit margin for contractors
"Bank Leumi has already stopped lending to real estate, and Bank Hapoalim is exploiting the credit crunch to raise prices." More Info

Globes - 23/1/2012 - Leo Leiderman sees single-digit home prices correction
Bank Hapoalim's chief economist warns of a credit crunch in Israel this year. More Info

Globes - 20/12/2011 - Hapoalim transfers NIS 8.5b deposits to foreign central banks
Bank Hapoalim reduced its deposits with the Bank of Israel from NIS 36.8 billion to NIS 28 billion in January-September. More Info

Globes - 13/12/2011 - Micky Arison bids farewell to Bank Hapoalim
The value of the Bank Hapoalim shares that Shari Arison will acquire through the deal is about NIS 800 million. More Info

Globes - 13/12/2011 - Shari Arison buys out brother in Arison Holdings
Micky Arison has a 23% stake in Arison Holdings, which controls Bank Hapoalim, Shikun u'Binui, and other companies. More Info

Globes - 8/11/2011 - "Energy exploration shares not for weak-hearted"
Bank Hapoalim has initiated coverage of Tamar partners Avner Oil, Delek Drilling, and Isramco. More Info

Globes - 2/11/2011 - Aides: Zisser has secured interim financing
Aides claim Mordechay Zisser has found a "serious party", which will give him NIS 80 million to meet his debt payment to Bank Hapoalim. More Info

Globes - 12/9/2011 - US sends ultimatum to Hapoalim and Leumi
The US government has demanded that Bank Hapoalim and Bank Leumi transfer information about clients within two weeks, or face sanctions. More Info

Globes - 12/9/2011 - Shekel weakens against dollar at opening
Worries about Europe continue. Bank Hapoalim: Domestic factors have raised pressure on the shekel. More Info

Globes - 5/9/2011 - Former Hapoalim chairman Dan Dankner to be indicted
The State Prosecutor has yet to decide whether to indict former Bank Hapoalim CEO Zion Kenan. More Info

Bank Hapoalim

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Israels führende Finanzinstitution
Seit ihrer Gründung im Jahr 1921 spielt die Bank Hapoalim eine Schlüsselrolle beim rasanten Wachstum der Wirtschaft Israels. Heute ist Hapoalim weiterhin die führende Finanzinstitution Israels. Die Bank ist global präsent und in 20 Ländern auf der ganzen Welt tätig.
Bei der Bank Hapoalim handelt es sich um eine Universalbank, sowohl ihre Struktur als auch ihre Tätigkeitsfelder betreffend. Die Bank verfügt über einen sehr starken Privatbankingzweig mit dem größten Vertriebsnetzwerk im Land. Durch die breite Palette an Bankoptionen wendet sie sich an Kunden, KMUs (kleine und mittlere Unternehmen) und Firmen in ganz Israel.
Die Bank Hapoalim ist eine der ersten Adressen für Israels größte Unternehmen. Sie finanziert industrielle und gewerbliche Vorhaben sowie große Infrastrukturprojekte.
In Israel unterhält die Bank Hapoalim über 270 Full-Service-Bankfilialen mit einem Schwerpunkt auf Haushalte, Privatbanking (Wohlstandsbanking) und kleine Unternehmen. Die Bank bietet ein breites Spektrum an Bank- und Zahlungsprodukten, Kapitalmarkt- und Auslandshandelsstandorten und die gesamte Skala an Finanzplanungsberatung wie Pensions- und Rentenplanung.
International ist die Bank Hapoalim über ein Netzwerk aus Tochterunternehmen, Zweigstellen und Repräsentanzen in den Vereinigten Staaten, Europa, Südamerika und Asien tätig. Der blühende Global Private Banking Service wird von der Bank Hapoalim (Schweiz) geleitet und zählt mit Büros in Zürich, Genua, Luxemburg, Tel Aviv, Miami, Singapur und Hongkong viele wertvolle Kunden aus der ganzen Welt zu seinem Klientel.
Zur Gruppe der Bank Hapoalim gehören auch Isracard Ltd., die führende Kreditkartengesellschaft Israels, sowie Finanzunternehmen aus dem Bereich Investmentbanking, Treuhandservices und Portfoliomanagement.
Außerdem spielt die Bank mit ihren großzügigen Spenden für Bildungs-, Sozial- und Kulturprojekte sowie mit der Förderung von Freiwilligen unter den Mitarbeitern eine bedeutende Rolle in der Gesellschaft.

La première institution financière d’Israël
Depuis sa fondation en 1921, la Banque Hapoalim a joué un rôle pivot dans la croissance rapide de l’économie israélienne. Aujourd’hui Hapoalim continue d’être la première institution financière d’Israël. La banque maintient une présence mondiale, opérant dans 20 pays du monde entier.
La banque Hapoalim est une banque universelle, tant en termes de structure que d’opérations. La banque dispose d’une branche de banque en détail avec le plus grand réseau de distribution du pays. Au travers d’une vaste gamme d’options bancaires, elle s’adresse aux particuliers, aux PME comme aux grandes sociétés sur le territoire israélien.
La banque Hapoalim est l’organisme de crédit de choix pour les plus grandes sociétés d'Israël, et agit dans le domaine du financement d’entreprises industrielles et commerciales, ainsi que de projets d'infrastructure majeurs.
En Israël, la Banque Hapoalim exploite plus de 270 succursales à service complet, en se concentrant sur les foyers, les banques privées (riches) et les petites entreprises. La banque offre un large éventail de produits bancaires et de paiement, de marchés de capitaux et d’équipements de commerce extérieur, ainsi qu’une gamme complète de services de conseil en planification financière, y compris les pensions et les planifications de retraites.
Au niveau international, la Banque Hapoalim opère à travers un réseau de filiales, succursales et bureaux de représentation aux États-Unis, en Europe, en Amérique du Sud et en Asie. Les services bancaires privés mondiaux florissants de la banque, dirigés par la Banque Hapoalim (Suisse), servent des clients à valeur nette élevée, partout dans le monde, avec des bureaux à Zurich, Genève, au Luxembourg, à Tel-Aviv, Miami, Singapour et Hong Kong.
Le Groupe de la Banque Hapoalim comprend Isracard Ltd, entreprise leader israélienne de cartes de crédit, ainsi que des sociétés financières impliquées dans les services bancaires d'investissement, les services fiduciaires et de gestion de portefeuille.
La Banque joue un rôle actif dans la communauté, contribuant généreusement à des projets éducatifs, sociaux et culturels, et encourageant le bénévolat personnel parmi ses employés.

La institución financiera líder de Israel
Desde su fundación en 1921, el Banco Hapoalim ha jugado un papel fundamental en el rápido crecimiento de la economía de Israel. Hoy en día, Hapoalim continúa siendo la institución financiera líder de Israel. El banco mantiene una presencia global, operando en 20 países de todo el mundo.
El Banco Hapoalim es un banco universal en estructura y operaciones. El banco puede presumir de un fuerte brazo bancario minorista con la mayor red de distribución del país. Mediante una gran gama de opciones bancarias se hace cargo de consumidores, pequeñas y medianas empresas y corporaciones de todo Israel.
El Banco Hapoalim es la entidad crediticia de elección de las mayores corporaciones de Israel, y es muy activo en la financiación de empresas industriales y comerciales, junto con importantes proyectos de infraestructura.
En Israel, el banco Hapoalim opera con más de 270 sucursales que ofrecen servicio completo, centrándose en hogares, banca privada (próspera) y pequeños negocios. El banco ofrece una gran gama de productos bancarios y de pago, mercado de capital y facilidades para el comercio exterior, y un completo espectro de servicios de asesoría de planificación financiera, incluyendo planes de pensiones y jubilaciones.
Internacionalmente, el Banco Hapoalim opera a través de una red de subsidiarias, sucursales y oficinas representantivas en Estados Unidos, Europa, Sudamérica y Asia. Los prósperos servicios de banca privada global, dirigidos por el banco Hapoalim (Suiza), atienden a clientes de gran patrimonio de todo el mundo, con oficinas en Zurich, Ginebra, Luxemburgo, Tel Aviv, Miami, Singapur y Hong Kong.
El Grupo del Banco Hapoalim incluye Isracard Ltd, la empresa líder en tarjetas de crédito de Israel, al igual que empresas financieras relacionadas con la inversión bancaria, servicios de fondos de inversiones y gestión de carteras.
El banco tiene un papel activo en la comunidad, contribuyendo generosamente a proyectos educativos, sociales y culturales, y animando a sus empleados a realizar voluntariados personales.