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May 25, 2015 10:22 AM ET

Diversified Financial Services

Company Overview of Bank of Israel

Company Overview

Bank of Israel operates as the central bank of Israel. It engages in regulating and directing monetary policy; providing economic advice to the government; monitoring and assessing foreign currency market, and managing the foreign exchange reserves; monitoring and analyzing foreign exchange activities; and promoting financial stability. The company also operates as a banker of the government and banks; represents Israel in international institutions; and involves in banking supervision and currency issue activities. Bank of Israel was founded in 1954 and is based in Jerusalem, Israel with a branch in Tel Aviv.

Bank of Israel Street

PO Box 780

Jerusalem,  91007


Founded in 1954


972 2 655 2211


972 2 652 8805

Key Executives for Bank of Israel

Director General and Chairman of Search Committee
Head of Monetary & Finance Division and Member of Management Board
General Counsel, Director of Legal Department and Member of Management Board
Deputy Governor
Compensation as of Fiscal Year 2014.

Bank of Israel Key Developments

David Zaken Intends to End His Term at Bank of Israel Office on June 30, 2015

The Governor of the Bank of Israel, Dr. Karnit Flug, has appointed a search committee for candidates for the position of Supervisor of Banks, after Mr. David Zaken announced his intention to end his term of office on June 30, 2015, after four and a half years in office.

Doron Pelach to Step Down as Director of Information Technology Department at the Bank of Israel at the End of the Year

Mr. Doron Pelach announced his decision to step down as Director of the Information Technology Department at the end of the year. He has held the position for the past three years. The Governor of the Bank of Israel will appoint a search committee, headed by the Director General, to recommend candidates for the position.

Dan Propper Ends His Term as Supervisory Council Member and Chairman of Bank of Israel

Bank of Israel announced that after three years of service as the first Chairman of the Bank of Israel Supervisory Council, Mr. Dan Propper ended his service as a member of the Supervisory Council and as its Chairman. Until the process of appointing a permanent Chairman is completed, Supervisory Council member Mr. Uri Galili will serve as Acting Chairman.

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