|The Association Profile|
The Association of Banks in Israel was founded in 1959 as an overseeing organization for all commercial, mortgage and investment banks. Established by members of the banking sector, the association's goal is to promote effective dialogue with legislative branches, as well as public and private institutions, regarding all matters of banking. Its members include the Israeli Bank Groups, independent banks and foreign banks operating in Israel. Following the merging and acquisition of banking institutions, the official list of association members was revised and to date it is comprised of a total of 18 banks, including three foreign banks with branches in Israel (Citibank, HSBC and Barclays).
Operating as non-profit organization, the association's key objective is to assist in the promotion of banking matters. Activities focus upon regulatory and economic areas as well as legal representation in dealing with government agencies, the Knesset, the Bank of Israel, the Stock Exchange Authority, the Anti-trust Authority and others. In addition, the association provides consumer education through the distribution of relevant information and conducts routine research projects on various banking issues.
Activities in the field of regulations are related to the various types of governmental statutes and directives that affect the banking system, such as proposed laws, statutes, ordinances, court orders and other regulations with direct implications on banking operations. The association represents banking positions on a variety of subjects, initiates activities related to these areas and also conducts legal hearings on matters that are relevant to the operations of the banking system.
Along with its involvement in legislative and regulatory matters, the association also presents the positions of the banking sector to the media and to public opinion factors, as well as informing the public. Among other avenues, information is channeled by means of the association's website with its routine updates regarding pertinent matters related to banking in Israel. The association's two publications also contribute to the public's knowledge and awareness of the banking scene: "The Banking Quarterly", dealing with the research and analysis of various economic issues related to financial markets, and "Banking", focusing on pertinent issues from the world of banking and capital markets. This magazine is intended for government and regulatory executives as well as for the heads of the banking and business community. In addition, the association organizes congresses and conferences dealing with banking and capital markets.
Research activities conducted by the association include economic opinions, analysis of banking trends, international comparisons, the publishing of routine surveys in the field of banking and more. Among its many activities, the association also represents the Israeli Banking System in dealing with relevant institutions abroad by maintaining contacts with foreign banking associations as well as with regulatory institutions.
The Association of Banks in Israel believes that the promotion of the banking sector's interests eventually contributes to the entire population of consumers of banking services in Israel. In its essence, the association focuses on an overall array of subjects that are not necessary financial in nature, as financial activities are clearly the matters of each individual bank.
The General Assembly, comprised of representatives from each of the member banks, serves as the association's highest institution. As a rule, the General Assembly meets once a year, although certain situations can necessitate the calling of a special meeting. Activities are outlined by the Executive Committee, a forum comprised of the Heads of most of the commercial banks and the Chair of the sector of banks operating in the field of mortgages. The professional staff of the association operates within a framework of three departments of expertise that coordinate the main areas of activities: The Legal Consultation, Regulatory and Legislative Department; The Research Department; and the External Affairs and Public Relations Department.
Mr. David Brodet – Chairman of Bank Leumi,
President of the Association of Banks in Israel
Born in Israel (1944); holds a BA degree in Economics and Political Science and MA degree in Economics, both from the Hebrew University of Jerusalem. Served in several key positions at the civil service, as well as on the private sector and on the capital market - among them Director of Budget Department at the Ministry of Finance and Director General of the Ministry, Chairman at Bank Mizrahi and Yes company, and head of the commission for the Ministry of Defense budget examination. In addition Brodet held many public positions, in part as an outsider director in public companies, and in part in the academy. Since July 2010 he is the Chairman of Bank Leumi
Smadar Barber-Tsadik - CEO of the First International Bank of Israel,
Substituting President of the Association of Banks in Israel
Born in Israel (1963); received her Master Degree (MBA) from The Hebrew University of Jerusalem, majoring in Economics and Accounting. Among her former positions: Head of the Corporate Division and Deputy CEO - First International Bank of Israel, CEO of FIBI Holdings Ltd., CEO of Sahar Development and Holdings Ltd., Director of the Paz Oil Company.
Moshe Pearl - CEO of the Association of Banks in Israel
Born in Israel (1960); received his Masters Degree from the Tel Aviv University School of Business Management. Among his former positions: the Economic Editor of the daily newspaper "Ma'ariv", editor and broadcaster of the program "Economic Plan" on the Israeli Army Radio Station and economic commentator for Israeli TV Channel 10. He is currently a member of the friends of Tel-Aviv University Association and is the author of the bestseller "With Opened Eyes", Keter Publishing.
Tal Nadav, Adv. - Deputy CEO, General Counsel
Gali Caspari - Director, Research Department
Tibi Rabinovici - Director, External Relations & Public Affairs Department