Company Information

Get to know The Union Bank of Israel

Founded in 1951, The Union Bank of Israel Ltd. (Bank Igud) was the sixth-largest commercial bank in Israel. It provided a comprehensive range of banking and financial services to private and corporate clients, with a particular specialization in private banking, capital markets, and financing for the diamond industry. In 2020, the bank was acquired by Bank Mizrahi-Tefahot, and a full statutory merger was completed, resulting in Union Bank ceasing to exist as a separate legal and operational entity. Its operations and branches were absorbed into the Mizrahi-Tefahot group.

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The Union Bank of Israel

Israel

Founded in

01 Jan 1951 (75 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(74 reviews)

Cyprus

2009

(17 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.