Israel Workers Bank Reports Gains by Its American Subsidiaries
Menu JTA Search

Israel Workers Bank Reports Gains by Its American Subsidiaries

Download PDF for this date

The Bank Hapoalim. The Workers Bank, Ltd., announced today substantial increases during 1958 in its balance sheet, total deposits, and balance of outstanding loans. The report also showed considerable gains recorded by subsidiaries and affiliates of the bank, including AMPAL, the Israel-American Industrial Development Bank and others.

The balance was reported as 194,500,000 pounds, a growth of 19 percent. Total deposits were 172,500,000 pounds, an increase of 22 percent, and the balance of loans outstanding was 132, 200, 000 pounds, an increase of nearly 23 percent. The consolidated balance sheet as of December 31, 1958 was reported to be 429, 000, 000 pounds.

Founding Funders

The digitization of the JTA Archive would not have been possible without the generous support of the following donors:
  • The Gottesman Fund
  • Righteous Persons Foundation
  • Charles H. Revson Foundation
  • Elisa Spungen Bildner and Robert Bildner, in honor of Norma Spungen
  • George S. Blumenthal
  • Grace and Scott Offen Charitable Fund