Founded in 1921, Bank Hapoalim is now one of the largest banks in Israel with significant international presence. On the European market Bank Hapoalim provides private and corporate banking products and services. In September 2017, Hapoalim (Switzerland) Ltd, has decided to wind down its business activities. In November 2018, following the Assets Purchase Agreement, some clients of Hapoalim (Switzerland) Ltd in Switzerland and in Luxembourg were transferred to Bank J. Safra Sarasin.
In 2019, Hapoalim (Schweiz) AG achieved the position of 146th largest bank in Switzerland with a market share of 0.02%; its total assets dropped by 14.06%.
Deposits up to 100,000 CHF are covered by Swiss deposit guarantee scheme in Hapoalim (Schweiz) AG.
Hapoalim (Schweiz) AG ranked as the 146th largest bank in Switzerland by total assets. In 2019 its total assets were 736.19 mln CHF, representing a 0.02% market share. It was also the 43rd largest foreign-controlled bank in Switzerland, commanding a 0.33% share among foreign-controlled banks. In 2015 the bank's annual profit was 11.40 mln CHF. As of 2015, the bank employed 205 people.
Hapoalim (Schweiz) AG protects deposits up to up to 100,000 CHF per depositor through Switzerland's deposit guarantee scheme. The scheme applies to credit balances made by private individuals (Swiss and foreign), legal entities (Swiss and foreign). The bank participates in the esisuisse – Deposit Insurance (ESI), making regular contributions into it.
Hapoalim (Schweiz) AG was headquartered in Zürich.
Hapoalim (Schweiz) AG was authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number CHE-106.005.893).