Bank Leumi
Bank Leumi is Israel's largest banking group, providing retail, SME, corporate, and capital markets services through a nationwide branch network, digital platforms, and the Pepper challenger bank subsidiary, with a market cap of approximately $36 billion as of 2026.
- Company typePublic
- Founded1901
- HeadquartersTel Aviv, Israel
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Bank Leumi does
Bank Leumi (legal name: Bank Leumi le-Israel B.M.) is Israel's largest banking group, founded in 1901 and headquartered in Tel Aviv. Listed on the Tel Aviv Stock Exchange (TASE: LUMI) and traded OTC in the US (BLMIF) with a market capitalization of approximately NIS 100 billion (~$36 billion USD) as of June 2026. The bank serves retail customers, private banking clients, SMEs, large corporates, and the Israeli tech ecosystem through a diversified platform spanning personal banking, mortgages, credit cards, foreign exchange, capital markets, trade finance, and green financing. The bank is targeting NIS 35 billion in green credit by 2030 and has been ranked #1 in Israel across multiple customer satisfaction categories by the Bank of Israel in 2025 and Marketscanner in May 2026.
The bank operates a multi-channel distribution platform combining a nationwide physical branch network, mobile and online banking (rated #1 in mobile app satisfaction), a 24/7 telephone banking center, a dedicated "Banker to Your Home" service for senior citizens aged 80+, and the Pepper digital challenger bank subsidiary. Core technology infrastructure includes an AI Center reporting directly to CEO Hanan Friedman, a cloud-first architecture transition via OpenLegacy mainframe modernization on AWS, and AI-driven commercial credit automation (AIO Network). The bank also operates LeumiTech, a startup ecosystem program, and the Pepper Invest mobile investment app offering fractional shares in S&P 100 companies at a 0.08% annual management fee.
Revenue is generated through four primary streams: net interest income from lending (mortgages, corporate loans, SME financing), fee and commission income (banking fees, credit cards, FX, investment distribution), capital markets and trading activities, and green/ESG-aligned financing. The bank reported record 2025 net income of NIS 10.3 billion ($3.2 billion) with 15.8% ROE, a 14.1% loan portfolio growth (20.5% in corporate segment), a 0.40% NPL ratio among the lowest in the Israeli banking system, and a Q1 2026 efficiency ratio of 29.1% — best in Israel and among the best globally. Funding sources have been diversified globally through landmark 2026 issuances including a EUR 750 million covered bond (first by an Israeli bank abroad) and a USD 1 billion CoCo bond at the lowest spread in Israeli bank history.
Bank Leumi firmographics
Firmographics- Name
- Bank Leumi
- Legal name
- Bank Leumi le-Israel B.M.
- Website
- https://leumi.co.il
- Company type
- Public
- Founded year
- 1901
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Bank Leumi is Israel's largest banking group, providing retail, SME, corporate, and capital markets services through a nationwide branch network, digital platforms, and the Pepper challenger bank subsidiary, with a market cap of approximately $36 billion as of 2026.
- Ownership category
- akta.pro rank
Bank Leumi industry classification
Industry- Product category
- Retail Banking
- NAICS
- Commercial Banking (522110)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- General SME & Middle-Market Commercial Banking (FSABABAA)
- akta.pro secondary industries
- Energy & Utilities (Oil & Gas, Power, Renewables) (FSABACAA), Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE)
Keywords
Where Bank Leumi is headquartered
LocationHeadquarters
- HQ city
- Tel Aviv
- HQ country
- Israel
- HQ region
- Middle East
Offices1 record
Markets served
Bank Leumi business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Net Interest Income: Traditional banking interest spread income from lending activities including mortgages, corporate loans, and SME financing
- Fee and Commission Income: Banking fees, credit card fees, foreign exchange services, and investment product distribution
- Capital Markets and Trading: Trading revenues and capital markets activities including bond issuance and structured products
- Green Financing: ESG-aligned lending and green bonds targeting NIS 35 billion in green credit by 2030
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Pepper Invest - flat fee investment service |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels4 records
Bank Leumi product offering
Product offeringCore offering
Bank Leumi is a universal Israeli bank providing retail banking (accounts, mortgages, credit cards, deposits, loans, foreign exchange, investments, pension advisory), corporate and SME banking (credit facilities, trade finance, cash management, green project financing), and capital markets services (trading, bond issuance, structured products). It also operates the Pepper digital challenger bank and Pepper Invest mobile investment app, and earns significant fee and commission income on banking services and FX. The bank is the largest in Israel by multiple metrics, with NIS 10.3 billion in 2025 net income and a 15.8% return on equity.
Product overview
Bank Leumi operates a diversified banking platform primarily serving retail customers and businesses in Israel, with digital offerings through its mobile-only challenger bank Pepper. The bank's product portfolio includes standard banking services (loans, credit cards, mortgages, deposits, capital markets) as well as digital-first products such as the Pepper Invest investment app. The Pepper sub-brand extends Leumi's reach into mobile-first financial services for younger demographics and tech-savvy customers.
Differentiator
Problem solved
Functional benefit
Brands
- Pepper: Mobile-only challenger bank operated by Bank Leumi, offering digital banking services and the Pepper Invest investment app.
- Pepper Invest
- LeumiTech
Products and services
- Pepper Invest A mobile investment application offered by Pepper, Bank Leumi's digital banking subsidiary, enabling users to buy fractional shares in approximately 100 S&P 100 companies. Targets young investors with no prior capital markets experience through a simplified interface with a 0.08% annual management fee and minimum investment of NIS 50.
- Banker to Your Home Home banking service enabling senior citizens aged 80+ to request home visits from professional bankers to carry out banking transactions, addressing difficulties elderly customers face leaving their homes. Available nationwide through a dedicated 24-hour call center.
Quantifiable outcome
- 29.1% efficiency ratio - best in Israel and among best globally
- +3 more outcomes
Companies that use Bank Leumi
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
Bank Leumi technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature3 records
Bank Leumi partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and flagship.
- VisacoreBank Leumi participating as issuing partner in Visa Agentic Ready program and live agentic commerce proof of concept for AI agent-initiated payments using tokenized credentials on Visa rails
- OPC EnergycoreBank Leumi leading financing covering approximately 80% of construction costs for Hadera Expansion project (850 MW combined cycle natural gas power plant, $1.7-1.8 billion total cost)
- CalcalistflagshipJoint Dream Team initiative at Mind the Tech conferences connecting Israeli startups with global investors, corporations, and strategic partners in tech hubs
- OpenLegacycoreBank Leumi using OpenLegacy Hub platform integrated with AWS for mainframe modernization, transitioning toward cloud-first architecture while maintaining operational continuity
Scale indicators11 records
Recent moves6 records
Expansion highlights7 records
Bank Leumi competitors and assessment
Company assessmentBroad incumbents
- Standard Chartered: Standard Chartered is a global bank with emerging-market focus and strong wholesale banking and ESG financing capabilities, comparable to Bank Leumi's cross-border corporate and green finance activities.
- BNP Paribas: BNP Paribas is a global European universal bank participating as an arranger in Bank Leumi's bond issuances and active in Israeli corporate banking. Comparable on capital markets, ESG financing, and European institutional investor relationships.
- ING Group: ING is a European universal bank known for its digital-first retail banking model and AI-driven efficiency (similar efficiency ratio benchmark), making it a relevant comparable for Bank Leumi's AI Center and Pepper digital initiatives.
- HSBC Holdings: HSBC is a global universal bank with significant emerging-markets and trade-finance exposure that competes with Bank Leumi on cross-border corporate banking and trade finance, particularly for Israeli tech exporters. Comparable on wholesale funding capability and AI-driven efficiency initiatives.
- JPMorgan Chase: JPMorgan acted as a lead on Bank Leumi's covered bond and CoCo issuances and is a global incumbent in transaction banking, investment banking, and AI-driven banking transformation. Comparable on capital-markets scale and AI investment thesis.
Emerging players
- Revolut: Revolut is a global digital challenger bank offering low-fee multi-currency and investment products. Comparable to Bank Leumi's Pepper digital challenger bank and Pepper Invest fractional-share platform, particularly in targeting younger, digital-native customers.
Direct peers
- Mizrahi Tefahot Bank: Mizrahi Tefahot (TASE: MZTF) is one of Israel's largest banks with strong retail and mortgage franchises, directly comparable to Bank Leumi on consumer lending, mortgages, and deposit gathering. Notable for high efficiency among Israeli peers.
- First International Bank of Israel: FIBI (TASE: FTIN) is one of Israel's five largest banks offering retail, corporate, and capital markets services, operating in the same domestic market as Bank Leumi with comparable product suite.
- Bank Hapoalim: Bank Hapoalim (TASE: POLI) is Israel's other 'big two' universal commercial bank, with overlapping retail, SME, and corporate franchises and directly comparable efficiency, ROE, and capital-markets activity. The most direct competitor to Bank Leumi across virtually every product line.
- Israel Discount Bank: Israel Discount Bank (TASE: DSCT) is one of Israel's five largest banks, competing with Bank Leumi across retail, corporate, and capital markets. Closely comparable business mix and Israeli-domestic operating model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Bank Leumi social profiles
Digital presenceBank Leumi financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bank Leumi leadership team
Management profileNumber of profiles
Profiles11 records
Bank Leumi subsidiaries and ownership
Company hierarchySubsidiaries3 records
Bank Leumi funding detail
Funding detailFunding overview
Funding rounds5 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bank Leumi M&A and investment
M&A and investmentM&A
Investments10 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bank Leumi
What does Bank Leumi do?
Bank Leumi is a universal Israeli bank providing retail banking (accounts, mortgages, credit cards, deposits, loans, foreign exchange, investments, pension advisory), corporate and SME banking (credit facilities, trade finance, cash management, green project financing), and capital markets services (trading, bond issuance, structured products). It also operates the Pepper digital challenger bank and Pepper Invest mobile investment app, and earns significant fee and commission income on banking services and FX. The bank is the largest in Israel by multiple metrics, with NIS 10.3 billion in 2025 net income and a 15.8% return on equity.
Is Bank Leumi a public or private company?
Bank Leumi is a public company. It is classified as public and is currently operating.
When was Bank Leumi founded?
Bank Leumi was founded in 1901. It employs 1,001 to 5,000 people.
Where is Bank Leumi based?
Bank Leumi is headquartered in Tel Aviv, Israel, in the Middle East region.
How does Bank Leumi make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are fee and Commission Income, capital Markets and Trading and green Financing.
Who are Bank Leumi's main competitors?
Broad incumbents on record are Standard Chartered, BNP Paribas, ING Group, HSBC Holdings and JPMorgan Chase. Revolut is listed as an emerging player. Direct peers are Mizrahi Tefahot Bank, First International Bank of Israel, Bank Hapoalim and Israel Discount Bank.
Does Bank Leumi have an API?
No public API is recorded for Bank Leumi.
What industry is Bank Leumi in?
Bank Leumi's product category is Retail Banking. Its primary akta.pro industry code is FSABABAA, General SME & Middle-Market Commercial Banking, with a secondary code of FSABACAA, Energy & Utilities (Oil & Gas, Power, Renewables). Its NAICS code is 522110 and its SIC code is 6021.