Bank Leumi

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.

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

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

• Retail banking services
• Corporate banking
• Mortgage lending
• Green financing
• Digital banking

Headquarters

HQ city

Tel Aviv

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Net Interest Income: Traditional banking interest spread income from lending activities including mortgages, corporate loans, and SME financing
2. Fee and Commission Income: Banking fees, credit card fees, foreign exchange services, and investment product distribution
3. Capital Markets and Trading: Trading revenues and capital markets activities including bond issuance and structured products
4. Green Financing: ESG-aligned lending and green bonds targeting NIS 35 billion in green credit by 2030

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core 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

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• VisacoreTechnology or Integration · 2 July 2026Bank 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 EnergycoreStrategic or Co-development Partner · 3 June 2026Bank 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)
• CalcalistflagshipGTM or Marketing Partner · 15 April 2026Joint Dream Team initiative at Mind the Tech conferences connecting Israeli startups with global investors, corporations, and strategic partners in tech hubs
• OpenLegacycoreTechnology or Integration · 11 March 2026Bank 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

Broad 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

• Xx.com/leumidigital
• YouTubeyoutube.com/user/LeumiDigital
• Facebookfacebook.com/bankleumi
• LinkedInlinkedin.com/company/bank-leumi

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds5 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments10 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank Leumi