TOP 11 best banks in Israel, rating for July 2026

The “Discount” Bank Group is a universal banking group that offers a complete range of banking services in all financial sectors to its clients.

Each bank branch provides individualized banking services. Clients receive consulting services in all areas of banking activities, including investments, pension planning, mortgages, and more. The bank also operates Investment Centers for clients involved in the capital market. A modern trading system called DiscountTrade is also in operation.

Post offices offer a wide range of services, including those that were non-traditional for them in the past. For example, foreign currency exchange, its transfer, receiving pensions from Russia, etc. Recently added to the list of non-traditional services are also banking services that the Israeli Post started providing at the end of the last century.

Poalim Agudat Israel Bank Ltd. is a subsidiary of First International Bank of Israel Ltd. It was founded in 1977 with its headquarters in Tel Aviv. It provides commercial banking products and advisory services to ultra-Orthodox communities.

Bank Massad is a commercial bank belonging to the First International Group. The bank offers its customers a full range of banking services and products. Bank Massad has 22 branches and offices across the country. The bank serves not only individuals but also small and medium-sized business owners. As a commercial bank, Bank Massad provides its customers with a wide range of services in the areas of lending, mortgages, capital market investments, and deposits

Mercantile Discount Bank, a commercial bank with 80 branches across the country, offers a comprehensive range of banking products and services, including consumer, corporate, and investment banking services, mortgage loans, private capital, as well as asset and capital management. The bank specializes in serving small and medium-sized businesses as well as retail customers. It was founded in 1971 with its headquarters in Tel Aviv.

The First International Bank of Israel, which is among the top five largest banking groups in Israel. It provides a wide range of financial products and services to clients with the highest standards of professionalism and service. The FIBI group includes the parent company First International Bank and its subsidiary bank in Israel, Massad Bank. Together, the two banks have a network of approximately 148 branches. FIBI has assets totaling more than 160 billion shekels and maintains a stable capital base, which is one of the highest in the banking system and reflects the financial stability of the Group.

The company Bank of Jerusalem, Ltd. is the seventh-largest bank in Israel with total assets amounting to 9,301 million shekels. It offers favorable lending conditions and operates with a transparent banking system.

In 2004, Mizrahi-Tefahot Bank was formed as a result of the merger of Bank Mizrahi HaMeuhad and Bank Tefahot. It is the fourth-largest bank in the country and the largest mortgage lender in Israel. The headquarters are located in Ramat Gan, and it serves Israel through 140 branches

The merger of several smaller banks in Israel in 1972 led to the establishment of the First International Bank of Israel. It is the fifth-largest bank in the country, offering banking services to both individual and major corporate clients. One distinguishing feature is its provision of complete documentation in English, making it a preferred choice for many English-speaking immigrants.

The First International Bank is also the only major Israeli bank that did not get involved in the banking asset scandal in the country in the 1980s, which made it the only one among the large Israeli banks not to be nationalized due to the crisis. In 1981, it opened its representative offices in London. Three years later, it inaugurated branches in Zurich.

In 1902, Bank Leumi was founded to support industrial, construction, agriculture, and land infrastructure development. The bank’s headquarters are located in Tel Aviv and it provides banking services in Israel as well as in 21 other countries, including Luxembourg, the United States, Switzerland, the United Kingdom, Mexico, Uruguay, Romania, Jersey, and China.

The Israel Trade Union Congress (Histadrut) and the Zionist Organization established Bank Hapoalim in 1921. It is currently the largest of Israel’s banks and plays a significant role in the global financial markets. It operates through 250 bank branches, seven regional business centers, and 22 business branches.

The bank also maintains a global presence, with operations in the UK, Europe, and North America. In 2017, The Banker Magazine named Bank Hapoalim the Bank of the Year in Israel.