# Mizrahi-Tefahot Bank

> Source: https://docs.barcoder.ai/docs/wallets/mizrahi-tefahot
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Mizrahi-Tefahot — official](https://www.mizrahi-tefahot.co.il/en/)

## Overview

**Mizrahi-Tefahot Bank** is **Israel's third-largest bank by assets** + **Israel's #1 mortgage lender (~35% market share via Tefahot brand)** <sup>[1][1], [2][2], [Israel report](https://docs.barcoder.ai/docs/payments/IL)</sup>. **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** <sup>[1][1], [2][2]</sup>:
- **Israel's #3 bank by assets** (after [Bank Hapoalim + Bit](https://docs.barcoder.ai/docs/wallets/bank-hapoalim) + [Bank Leumi + Pepper](https://docs.barcoder.ai/docs/wallets/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 <sup>[1][1], [2][2], [3][3]</sup>.

## 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 + Bit](https://docs.barcoder.ai/docs/wallets/bank-hapoalim) (Israel #1) + [Bank Leumi + Pepper](https://docs.barcoder.ai/docs/wallets/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 + Bit](https://docs.barcoder.ai/docs/wallets/bank-hapoalim) (Israel #1 rival) | [Bank Leumi + Pepper](https://docs.barcoder.ai/docs/wallets/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)** <sup>[1][1], [2][2], [3][3]</sup>:
- **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]: https://en.wikipedia.org/wiki/Mizrahi_Tefahot_Bank "Mizrahi Tefahot Bank — Wikipedia"
[2]: https://www.mizrahi-tefahot.co.il/en/ "Mizrahi-Tefahot Bank — official"
[3]: https://www.duns100.co.il/en/Mizrahi_Tefahot_Bank_Ltd "Mizrahi Tefahot Bank Ltd — Dun's 100"
[il-cro]: https://docs.barcoder.ai/docs/payments/IL

- [1] [Mizrahi Tefahot Bank — Wikipedia][1]
- [2] [Mizrahi-Tefahot Bank — official][2]
- [3] [Mizrahi Tefahot Bank Ltd — Dun's 100][3]
- <sup>[Israel report](https://docs.barcoder.ai/docs/payments/IL)</sup> In-corpus: `reports/countries/IL-israel.md`

## Source

Biography extracted from [mizrahi-tefahot.md](https://docs.barcoder.ai/source/wallets/mizrahi-tefahot). See `matrix.md` for standards-support matrix if present.