This is the fourth consecutive year that the magazine has awarded the title to Bank Hapoalim.
Bank Hapoalim was selected as part of the magazine’s choice of the best banks in 29 developed countries. This followed a comprehensive examination, which included a series of consultations with senior officials in the banking and financial systems and with analysts. The selection was made on the basis of a combination of objective criteria – such as asset volume, profitability data, development of new activities and product innovation – and an analysis that was based on the positions taken by analysts and other experts in the finance industry.
The decision was also based on the results of a poll which Global Finance conducted among its readers, to enhance the process for the selection of the best banks. The magazine’s editors noted that the common characteristic among the banks that were selected this year, including Bank Hapoalim, was focus on their customers’ special needs and the accomplishment of impressive achievements, while laying the foundations for future success.
Bank Hapoalim CEO Zion Kenan said that the award of the title “Best Bank in Israel” for the fourth consecutive year is further evidence of the international recognition of the bank’s excellence and impressive achievements. He said, “This recognition was achieved thanks to our professional and dedicated employees and management, and thanks to the long-term strategy we have implemented, based on a commitment to focus on our customers and to provide them with advanced and innovative, professional banking services, while fostering a close and personal relationship with them.”
Published by Globes [online], Israel business news – www.globes-online.com – on April 13, 2015