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Israeli banks entrenched in settlement building

Adri NieuwhofThe Electronic Intifada

Bank Hapoalim, Israel's largest bank, was established in 1921 by the Israeli trade union Histadrut and the World Zionist Organization. It was nationalized in 1983 but privatized again in 1996. Founded in 1902 and originally named the Anglo-Palestine Bank, Bank Leumi is Israel's second-largest bank. Both banks have branches in the settlements of Gilo and Pisgat Ze'ev, located in the occupied West Bank. Bank Hapoalim also has branches in the Ramot settlement in occupied East Jerusalem as well as the occupied Golan Heights. Meanwhile, Bank Leumi maintains branches in the settlements of Ma'ale Adumim, Oranit, Kiryat Arba, all in the occupied West Bank, and Katzrin in the Golan Heights.

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