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Company Directory - Bank Hapoalim

Company Details - Bank Hapoalim

Bank Hapoalim Logo

Bank Hapoalim

Website

Tel Aviv, Israel

Bank Hapoalim is one of Israel's leading banks, offering a wide range of financial services that include retail, corporate, and investment banking. The bank serves both local and international customers with a comprehensive portfolio of financial products and services.

CCI Score

CCI Score: Bank Hapoalim

-2.02

0.01%

Latest Event

Anti-Arab Discrimination Incident at Bank Hapoalim

An investigation by Channel 10 exposed that Bank Hapoalim systematically refused Arab customers the routine service of transferring their accounts between branches while facilitating transfers for Jewish customers. The bank later issued a statement of deep regret, but the incident highlights serious concerns over discriminatory business practices and a lack of commitment to equality.

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BYSTANDER

Bank Hapoalim is currently rated as a Bystander.

-1 to -4 CCI Score
Companies scoring here do little to oppose authoritarianism. Their inaction results in a passive endorsement of the status quo, as they neither actively resist oppression nor contribute to overt support for it.

Latest Events

  • Anti-Arab Discrimination Incident at Bank Hapoalim Logo
    JAN
    01
    2025

    An investigation by Channel 10 exposed that Bank Hapoalim systematically refused Arab customers the routine service of transferring their accounts between branches while facilitating transfers for Jewish customers. The bank later issued a statement of deep regret, but the incident highlights serious concerns over discriminatory business practices and a lack of commitment to equality.

  • -60

    Public and Political Behavior

    March 23

    The incident reflects a significant failure in upholding principles of equality and non-discrimination, which indirectly bolsters authoritarian tendencies by institutionalizing bias. The bank's refusal to serve Arab customers while accommodating Jewish clients underlines its negative influence on public and political behavior.

    Anti-Arab discrimination exposed at Bank Hapoalim

  • -50

    Business Practices and Ethical Responsibility

    March 23

    The discriminatory practice in customer service practices evidences unethical business operations in violation of claimed policies of equality and pluralism. By facilitating account transfers for Jewish clients while obstructing the same for Arab clients, Bank Hapoalim breaches ethical responsibility standards.

    Anti-Arab discrimination exposed at Bank Hapoalim

  • New Collective Agreement Improves Workers' Rights at Bank Hapoalim Logo
    MAY
    19
    2023

    Bank Hapoalim employees secured significant wage increases, bonuses, and enhanced working conditions through a new collective agreement extending until the end of 2027. This development, achieved in negotiations with the Histadrut and the employees' committee, underscores the bank's commitment to upholding worker rights and fair labor practices.

  • +80

    Labor Relations and Human Rights Practices

    March 23

    The new collective agreement at Bank Hapoalim is a strong positive indicator of the bank’s commitment to labor rights and fair treatment of its employees. By negotiating significant wage increases, bonuses, and improved occupational security, the bank demonstrates progressive labor practices. This event serves as a counterbalance to any authoritarian labor practices and promotes the protection of workers—a key concern for anti-fascist and anti-authoritarian groups.

    Bank Hapoalim Employees Reach New Collective Agreement

  • Bank Hapoalim Employees Collective Agreement Logo
    MAY
    19
    2023

    Bank Hapoalim has reached a new collective agreement that significantly improves wages, bonuses, and job security for about 6,000 employees. This agreement reflects progressive labor practices and reinforces the bank's commitment to worker rights and collective bargaining, which is essential for countering exploitative capitalist practices.

  • +80

    Labor Relations and Human Rights Practices

    March 23

    The new collective agreement at Bank Hapoalim ensures substantial wage increases, bonuses, and better job security, marking a significant win for labor rights and collective bargaining. Such measures are in line with anti-fascist and progressive labor practices, countering authoritarian tendencies in corporate practice by empowering workers and ensuring fair treatment.

    Bank Hapoalim Employees Reach New Collective Agreement

  • Bank Hapoalim Employees Reach New Collective Agreement – A Win for Worker Rights Logo
    MAY
    19
    2023

    Bank Hapoalim and its employee committees have successfully negotiated a new collective agreement that significantly improves wages, bonuses, job security, and benefits for approximately 6,000 employees until 2027. This achievement demonstrates the bank’s commitment to robust labor relations and ethical human resources practices.

  • +80

    Labor Relations and Human Rights Practices

    March 23

    The new collective agreement reached by Bank Hapoalim marks a significant improvement in employees' working conditions. By securing meaningful wage increases, bonuses, and additional benefits, the bank shows a commitment to fair labor practices and respect for workers’ rights. Such positive labor relations enhance job security and promote ethical business practices, aligning with anti-fascist values that prioritize worker empowerment and opposition to exploitative systems.

    Bank Hapoalim Employees Reach New Collective Agreement

  • Cooperation Agreement Boosts Controversial Economic Ties Logo
    SEP
    14
    2020

    Bank Hapoalim signed a cooperation agreement with Emirates NBD, normalizing financial relations with an authoritarian regime in the UAE. From an anti‐fascist perspective, such economic collaboration may indirectly support policies that undermine democratic accountability.

  • -20

    Economic Collaboration

    March 23

    The cooperation agreement with Emirates NBD represents an economic collaboration with a state apparatus that exhibits authoritarian characteristics. By engaging in financial partnerships with institutions from regimes that lack full democratic accountability, Bank Hapoalim is seen as indirectly legitimizing and supporting such governance structures. This move could undermine efforts to promote transparency and labor rights in a broader political context.

    Israeli, Emirati banks sign cooperation agreement

  • Israel's Largest Bank Admits Conspiring to Aid U.S. Tax Evasion Logo
    APR
    30
    2020

    Bank Hapoalim admitted to conspiring with U.S. taxpayers to hide assets and income in offshore accounts, resulting in nearly $1 billion in fines and penalties. This unethical behavior undermines public trust and the integrity of governmental fiscal oversight.

  • -70

    Public and Political Behavior

    March 23

    Bank Hapoalim's role in facilitating tax evasion by assisting U.S. taxpayers to hide income and assets in offshore accounts severely undermines public trust and the proper functioning of governmental fiscal responsibilities. Such behavior compromises democratic accountability by enabling illicit financial practices that can empower authoritarian agendas.

    Israel’s Largest Bank, Bank Hapoalim, Admits to Conspiring with U.S. Taxpayers to Hide Assets and Income in Offshore Accounts

  • -80

    Business Practices and Ethical Responsibility

    March 23

    The bank’s admission of criminal conduct in aiding tax evasion reflects profoundly unethical business practices. By actively facilitating secret offshore accounts and evasion schemes, Bank Hapoalim has not only violated legal norms but also eroded the ethical standards expected of financial institutions, thereby indirectly bolstering systems that can favor authoritarian interests.

    Israel’s Largest Bank, Bank Hapoalim, Admits to Conspiring with U.S. Taxpayers to Hide Assets and Income in Offshore Accounts

  • Federal Reserve Fines Bank Hapoalim for Unsafe Practices Logo
    APR
    30
    2020

    The Federal Reserve Board fined Bank Hapoalim $37.35 million for unsafe and unsound banking practices resulting in violations of U.S. tax laws. This enforcement action reflects serious lapses in corporate governance and ethical responsibility, potentially undermining public trust and contributing to a corporate environment where regulatory compliance and ethical practices are neglected.

  • -50

    Business Practices and Ethical Responsibility

    March 23

    The penalty imposed by the Federal Reserve highlights deep concerns regarding Bank Hapoalim's business practices and ethical responsibility. The unsafe and unsound practices that led to violations of U.S. tax laws indicate a disregard for critical regulatory frameworks. Such failures undermine efforts to maintain a fair and accountable economic system, indirectly supporting environments where authoritarian policies can go unchecked.

    Federal Reserve Board announces it has fined Bank Hapoalim B.M. $37.35 million for unsafe and unsound practices

  • Bank Hapoalim Financially Supports Israeli Settlements Logo
    MAY
    29
    2018

    A Human Rights Watch report details how Bank Hapoalim is engaged in financing settlement construction and operations in the occupied West Bank, directly contributing to practices that violate international human rights and international humanitarian law.

  • -70

    Public and Political Behavior

    March 23

    Bank Hapoalim's financial services in the settlement sectors indirectly bolster government policies that suppress Palestinian rights, showing a disregard for democratic accountability and contributing to oppressive state practices.

    Bankrolling Abuse: Israeli Banks in West Bank Settlements | HRW

  • -90

    Business Practices and Ethical Responsibility

    March 23

    The bank’s active financing of construction projects in occupied territories demonstrates a blatant neglect of ethical business practices and contributes to severe human rights abuses by supporting settlements built on unlawfully seized land.

    Bankrolling Abuse: Israeli Banks in West Bank Settlements | HRW

  • -85

    Economic and Structural Influence

    March 23

    Through extensive loans and mortgage services supporting settlement development, Bank Hapoalim plays a critical role in reinforcing economic structures that underpin an oppressive regime, thereby impeding Palestinian economic development and reinforcing segregation.

    Bankrolling Abuse: Israeli Banks in West Bank Settlements | HRW

  • Complicity in Settlement Funding and Operation Logo
    SEP
    13
    2017

    A 2017 Human Rights Watch report criticizes Bank Hapoalim for its involvement in providing banking services in Israeli settlements in the West Bank. The report argues that such activities not only contravene international humanitarian law and human rights norms but also contribute to the expansion of settlements, exacerbating economic and political disparities and human rights abuses.

  • -60

    Public and Political Behavior

    March 23

    Bank Hapoalim’s role in continuing to operate in and facilitate banking services for settlements reflects a problematic public and political behavior. By enabling financial flows that help sustain settlements, the bank indirectly supports policies that undermine international law and contribute to human rights violations. This association detracts from its social and political integrity and accountability.

    Israeli Law and Banking in West Bank Settlements

  • -70

    Business Practices and Ethical Responsibility

    March 23

    The bank’s business practices, by choosing to continue settlement-related operations despite clear human rights concerns, violate ethical responsibilities. This decision prioritizes financial gain over the international human rights standards it is expected to uphold, reflecting a disregard for ethical responsibility.

    Israeli Law and Banking in West Bank Settlements

  • -80

    Economic and Structural Influence

    March 23

    By financing, supporting, and facilitating economic activities in settlements, Bank Hapoalim exerts significant structural influence that bolsters the sustainability and expansion of settlements. This economic collaboration indirectly contributes to systemic oppression and economic marginalization of the Palestinian population, reflecting deep structural complicity.

    Israeli Law and Banking in West Bank Settlements

  • Bank Hapoalim BM Lobbying Expenditure in 2000 Logo
    JAN
    01
    2000

    In 2000, Bank Hapoalim BM spent $20,000 on lobbying activities, a move that raises concerns regarding corporate influence in political processes and potential complicity in undermining democratic oversight.

  • -20

    Political Contributions and Lobbying Efforts

    March 23

    Bank Hapoalim BM's recorded expenditure of $20,000 in lobbying during 2000 demonstrates its engagement in influencing political decisions. Although the expenditure amount is modest compared to larger corporate budgets, the act of political lobbying itself raises red flags regarding the bank’s potential to help shape policies in a manner that can support authoritarian practices. This tactic aligns with historical patterns of corporate complicity where political contributions and lobbying efforts are used to undermine transparent democratic processes.

    Bank Hapoalim BM Lobbyists • OpenSecrets

  • Bank Hapoalim Lobbying Expenditure in 2000 Logo
    JAN
    01
    2000

    Bank Hapoalim BM spent $20,000 on lobbying in 2000, raising concerns about its engagement in political influence that potentially supports pro-authoritarian agendas. The expenditure, though modest, reflects corporate practices that can undermine democratic accountability by seeking favorable regulatory outcomes.

  • -25

    Political Contributions and Lobbying Efforts

    March 23

    The reported lobbying expenditure of $20,000 in 2000 by Bank Hapoalim BM suggests an effort to shape political outcomes in favor of corporate interests. Such activities, although not large in scale, contribute to a broader pattern of political influence that can erode democratic checks on power and align corporate behavior with authoritarian tendencies. From a left-leaning perspective, this action raises red flags regarding the bank's complicity in oppressive political dynamics.

    Bank Hapoalim BM Agencies Lobbied • OpenSecrets

  • Bank Hapoalim BM Lobbying Activity in 2000 Logo
    JAN
    01
    2000

    Bank Hapoalim BM spent $20,000 on lobbying in 2000, as detailed by OpenSecrets. This expenditure is seen as a form of political influence that may indirectly support authoritarian agendas by seeking preferential regulatory outcomes.

  • -50

    Political Contributions and Lobbying Efforts

    March 23

    The documented expenditure of $20,000 for lobbying purposes by Bank Hapoalim BM in 2000 suggests an active engagement in influencing political processes. Such activities often contribute to desires for policy outcomes that can undermine democratic accountability and potentially align with authoritarian interests.

    Bank Hapoalim BM Lobbying Profile • OpenSecrets

Industries

522110
Commercial Banking
523110
Investment Banking and Securities Dealing
523120
Securities Brokerage
522120
Savings Institutions