Bank Otsar Ha-Hayal: Difference between revisions
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'''Bank Otsar HaHayal''' ({{ |
'''Bank Otsar HaHayal''' ({{langx|he|בנק אוצר החייל|translation=Soldier's Treasury Bank}}) is an Israeli [[bank]]. |
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==History== |
==History== |
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===British Mandate era=== |
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Otsar HaHayal was founded in 1946 by the [[Mandatory Palestine|British mandatory authorities]] to provide banking services to Jewish veterans of the British armed forces. It later provided these services to [[Israel Defense Forces]] veterans and defense sector employees, who also became part owners of the bank.<ref>[http://www.haaretz.com/print-edition/business/mizrahi-seeks-to-buy-bank-otsar-hahayal-1.178163 Mizrahi seeks to buy Bank Otsar HaHayal]</ref> |
Otsar HaHayal was founded in 1946 by the [[Mandatory Palestine|British mandatory authorities]] to provide banking services to Jewish veterans of the British armed forces. It later provided these services to [[Israel Defense Forces]] veterans and defense sector employees, who also became part owners of the bank.<ref>[http://www.haaretz.com/print-edition/business/mizrahi-seeks-to-buy-bank-otsar-hahayal-1.178163 Mizrahi seeks to buy Bank Otsar HaHayal]</ref> |
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===State of Israel=== |
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In 1972, the bank opened up to the general public, although it still largely kept its association with military assets. It was purchased by [[Bank Hapoalim]] in 1977. By 1996, Otsar HaHayal completely transformed into a commercial public bank. |
In 1972, the bank opened up to the general public, although it still largely kept its association with military assets. It was purchased by [[Bank Hapoalim]] in 1977. By 1996, Otsar HaHayal completely transformed into a commercial public bank. |
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On January 24, 2006, [[Bank Hapoalim]]'s share of the bank, 66%, was sold for 703 million [[Israeli new sheqel|NIS]], approximately 185% of Otsar Ha-Hayal's estimated worth, to the [[First International Bank of Israel]]. |
On January 24, 2006, [[Bank Hapoalim]]'s share of the bank, 66%, was sold for 703 million [[Israeli new sheqel|NIS]], approximately 185% of Otsar Ha-Hayal's estimated worth, to the [[First International Bank of Israel]]. |
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==Controversy== |
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===Involvement in Israeli settlements=== |
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{{See also|List of companies operating in West Bank settlements}} |
{{See also|List of companies operating in West Bank settlements}} |
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On 12 February 2020, the [[United Nations]] published a [[List of companies operating in West Bank settlements|database]] of companies doing business related in the [[West Bank]], including [[East Jerusalem]], as well as in the |
On 12 February 2020, the [[United Nations]] published a [[List of companies operating in West Bank settlements|database]] of companies doing business related in the [[West Bank]], including [[East Jerusalem]], as well as in the [[Golan Heights]].<ref>{{cite web|url=https://reliefweb.int/report/occupied-palestinian-territory/database-all-business-enterprises-involved-certain-activities|title=Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71)|date=12 Feb 2020|publisher=UN OCHA|access-date=2021-09-12}}</ref> Bank Otsar Ha-Hayal was listed on the database on account of its activities in [[Israeli settlement]]s in these territories.<ref name=unlist_ohchr>{{cite news |date=12 February 2020 | title=UN rights office issues report on business activities related to settlements in the Occupied Palestinian Territory | url=https://www.ohchr.org/EN/NewsEvents/Pages/DisplayNews.aspx?NewsID=25542 |work=[[Office of the United Nations High Commissioner for Human Rights]] | access-date=5 July 2021}}</ref> |
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==See also== |
==See also== |
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Latest revision as of 21:29, 31 October 2024
Native name | בנק אוצר החייל |
|---|---|
| Company type | Public |
| Industry | Banking |
| Founded | 1946 |
Area served | Israel |
| Revenue | ₪597 million (2014) |
| Parent | First International Bank of Israel |
| Website | www.bankotsar.co.il |
Bank Otsar HaHayal (Hebrew: בנק אוצר החייל, lit. 'Soldier's Treasury Bank') is an Israeli bank.
History
[edit]British Mandate era
[edit]Otsar HaHayal was founded in 1946 by the British mandatory authorities to provide banking services to Jewish veterans of the British armed forces. It later provided these services to Israel Defense Forces veterans and defense sector employees, who also became part owners of the bank.[1]
State of Israel
[edit]In 1972, the bank opened up to the general public, although it still largely kept its association with military assets. It was purchased by Bank Hapoalim in 1977. By 1996, Otsar HaHayal completely transformed into a commercial public bank.
On January 24, 2006, Bank Hapoalim's share of the bank, 66%, was sold for 703 million NIS, approximately 185% of Otsar Ha-Hayal's estimated worth, to the First International Bank of Israel.
Controversy
[edit]On 12 February 2020, the United Nations published a database of companies doing business related in the West Bank, including East Jerusalem, as well as in the Golan Heights.[2] Bank Otsar Ha-Hayal was listed on the database on account of its activities in Israeli settlements in these territories.[3]
See also
[edit]
References
[edit]- ^ Mizrahi seeks to buy Bank Otsar HaHayal
- ^ "Database of all business enterprises involved in certain activities relating to Israeli settlements in East Jerusalem and the West Bank (A/HRC/43/71)". UN OCHA. 12 Feb 2020. Retrieved 2021-09-12.
- ^ "UN rights office issues report on business activities related to settlements in the Occupied Palestinian Territory". Office of the United Nations High Commissioner for Human Rights. 12 February 2020. Retrieved 5 July 2021.
External links
[edit]- Official website (in Hebrew)
