Arab Israel Bank

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בנק ערבי ישראלי‎Company typeSubsidiaryIndustryBankingFounded1961; 63 years ago (1961)Headquarters
Israel
Area served
IsraelServicesFinancial servicesRevenueNIS 170.8 million[1]
Net income
NIS 49.2 million[1]ParentBank LeumiWebsitearabic.leumi.co.il (AR)

Arab Israel Bank (Ai Bank) (Hebrew: בנק ערבי ישראלי, Arabic: البنك العربي الإسرائيلي) is a bank in Israel established in 1961. It is owned by Bank Leumi and caters to the country's Arab population.[2]

History

In 1971, Bank Leumi acquired Arab Israel Bank (established 1960), which serves mainly the Arab citizens of Israel in the north of the country.[1] Ai Bank has 35 branches located in Israel's northern and Triangle regions.

The bank is primarily focused on retail banking and has around 470 employees.[3]

In January 2016, the bank merged into Bank Leumi, and its branches became branches of Bank Leumi.

See also

  • iconBanks portal

References

  1. ^ a b c Net Earnings of NIS 49.2 million for the Arab Israel (ai) Bank
  2. ^ The Bank of Israel:Volume 2
  3. ^ BDI Code Archived September 1, 2014, at the Wayback Machine
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