Wallets/mizrahi-tefahot
Mizrahi-Tefahot Bank
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Overview
Mizrahi-Tefahot Bank is Israel's third-largest bank by assets + Israel's #1 mortgage lender (~35% market share via Tefahot brand) [1, 2, il-cro]. Dec 31 2025: total assets USD 172.78B + operating profit pre-tax USD 2,859.25M + net profit USD 1,764.9M + ROE 17% + 206 branches + 2 foreign branches (London + Los Angeles) + Mizrahi-Tefahot mobile app 398K+ users.
Distinctive Mizrahi-Tefahot positioning [1, 2]:
- Israel's #3 bank by assets (after [[bank-hapoalim]] + [[bank-leumi]])
- Tefahot — Israel's largest + leading mortgage brand, ~35% Israeli mortgage market share — distinctive
- 2004 merger of Mizrahi + Tefahot — distinctive Israeli banking consolidation
- 206 branches including 56 Bank Yahav for Government Employees subsidiary branches — distinctive
- 2 foreign branches London + Los Angeles — distinctive small-scale international footprint
- Mizrahi-Tefahot mobile app 398K+ users + USD 172.78B total assets + 17% ROE (Dec 31 2025)
History
1923 — Mizrahi Bank founded by religious Zionist movement in Tel Aviv — distinctive religious-Zionist Israeli banking heritage.
1945 — Tefahot Israel Mortgage Bank founded as Israeli mortgage specialist.
2004 — Mizrahi + Tefahot merge → Mizrahi-Tefahot Bank — distinctive Israeli banking consolidation.
2010 — Mizrahi-Tefahot mobile banking app launches.
Dec 31 2025: total assets USD 172.78B + net profit USD 1,764.9M + ROE 17% + 398K+ Mizrahi-Tefahot mobile app users [1, 2, 3].
Ownership & operator
Operating entity: Mizrahi Tefahot Bank Ltd (TASE: MZTF).
Major shareholders: Wertheim family (~24%) + Ofer family (~17%) + Israeli public float — distinctive Israeli family-controlled banking heritage.
Regulator: BoI (Bank of Israel).
Technical integration
Mizrahi-Tefahot mobile app (iOS + Android; 398K+ users) + mizrahi-tefahot.co.il online + Mizrahi-Tefahot cards (Visa + Mastercard + Israeli Isracard) + Mizrahi-Tefahot branch network (206 branches incl 56 Bank Yahav); Bit P2P; UMTB USA + UMTB UK foreign branches.
Users & growth
Dec 31 2025: 398K+ Mizrahi-Tefahot mobile app users + total assets USD 172.78B + operating profit pre-tax USD 2,859.25M + net profit USD 1,764.9M + ROE 17% + 206 branches + 2 foreign branches.
Use cases
Israeli retail + corporate + mortgage + investment banking via Mizrahi-Tefahot mobile + online + cards + branches; distinctive Tefahot mortgage brand (~35% Israeli mortgage market share); UMTB USA + UMTB UK foreign branch services for Israeli expat community.
Implementations & partners
Operator: Mizrahi Tefahot Bank Ltd (TASE: MZTF); Wertheim + Ofer families majority control.
Subsidiary: Bank Yahav for Government Employees Ltd (56 branches; distinctive Israeli public-sector banking subsidiary).
Foreign branches: UMTB USA (Los Angeles) + UMTB UK (London) — distinctive Israeli expat community banking.
Major Israeli banking competitors: [[bank-hapoalim]] (Israel #1) + [[bank-leumi]] (Israel #2) + Israel Discount Bank (Israel #4) + [[fibi]] (Israel #5; First International Bank of Israel).
Regulator: BoI.
Fun facts
- Israel's #3 bank by assets + Israel's #1 mortgage lender (~35% market share via Tefahot).
- Mizrahi-Tefahot mobile app 398K+ users + total assets USD 172.78B + ROE 17% (Dec 31 2025).
- 2004 Mizrahi + Tefahot merger — distinctive Israeli banking consolidation.
- 1923 Mizrahi Bank founding by religious Zionist movement in Tel Aviv — distinctive religious-Zionist Israeli banking heritage.
- 2 foreign branches London + Los Angeles — distinctive small-scale international footprint serving Israeli expat community.
- Subsidiary Bank Yahav for Government Employees Ltd (56 branches) — distinctive Israeli public-sector banking subsidiary.
Comparison
| Feature | Mizrahi-Tefahot | [[bank-hapoalim]] (Israel #1 rival) | [[bank-leumi]] (Israel #2 rival) | Israel Discount Bank (Israel #4 rival) | [[fibi]] (Israel #5 rival) |
|---|---|---|---|---|---|
| Operator | Mizrahi Tefahot Bank Ltd (TASE: MZTF) | Bank Hapoalim B.M. (TASE: POLI) | Bank Leumi le-Israel B.M. (TASE: LUMI) | Israel Discount Bank Ltd (TASE: DSCT) | First International Bank of Israel Ltd (TASE: FTIN) |
| Type | Israel's #3 bank + #1 mortgage lender (~35% Tefahot market share) + 206 branches + 2 foreign branches London + Los Angeles | Israel #1 by assets | Israel #2 by assets + Pepper digital subsidiary | Israel #4 + ICC-Cal credit card subsidiary | Israel #5 + Otsar Ha-Hayal subsidiary |
| Country | Israel + GB + US | Israel + global | Israel + GB + US | Israel + US + LATAM | Israel + UK + Switzerland |
| Distinctive | 1923 Mizrahi Bank founding by religious Zionist movement; 2004 Mizrahi + Tefahot merger; Tefahot ~35% Israeli mortgage market share; Bank Yahav for Government Employees subsidiary; UMTB USA + UMTB UK; 398K+ mobile app users; USD 172.78B assets; 17% ROE (Dec 31 2025) | 1921 founding by Histadrut + WZO; Israeli flagship bank | 1902 Anglo-Palestine Company founding by WZO; Israeli founding bank | 1935 founding; ICC-Cal credit card subsidiary | 1972 founding via Foreign Trade Bank merger; family-controlled |
Status
Active, Israel's #3 bank by assets + #1 mortgage lender (~35% market share) [1, 2, 3]:
- Mizrahi Tefahot Bank Ltd (TASE: MZTF) since 1923 Mizrahi founding + 1945 Tefahot founding + 2004 merger.
- Dec 31 2025: USD 172.78B assets + USD 1,764.9M net profit + 17% ROE + 398K+ mobile app users.
- BoI regulated.
Sources
- 1 Mizrahi Tefahot Bank — Wikipedia
- 2 Mizrahi-Tefahot Bank — official
- 3 Mizrahi Tefahot Bank Ltd — Dun's 100
- il-cro In-corpus:
reports/countries/IL-israel.md
Source
Biography extracted from mizrahi-tefahot.md. See matrix.md for standards-support matrix if present.