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February 12, 2016 11:47 PM 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 2015.

Bank of Israel Key Developments

Bank of Israel Announces Executive and Board Changes

Mr. Hanoch Landau, the Deputy Supervisor of Banks and Head of the On-Site Division, will retire from the Bank of Israel; Mr. Or Sofer, CPA, Deputy Supervisor of Banks and Head of the Policy and Regulation Division, will replace Landau as Head of the On-Site Division; and Mr. Tsuriel Tamam, Deputy Supervisor of Banks and Head of the Off-Site Evaluation Division will step down from his position at the Banking Supervision Department and will move to the role of Head of the Business Sector in the Credit Database national project. Mr. Hanoch Landau, Deputy Supervisor of Banks and in charge of the Banking Supervision Department's On-Site Division, will step down from his role at the Banking Supervision Department this month, ahead of his retirement from the Bank of Israel.

Bank of Israel Appoints Eyal Rozen as Director of the Information and Statistics Department and Member of the Bank's Management

The Governor of the Bank of Israel announced her decision to appoint Dr. Eyal Rozen as Director of the Information and Statistics Department at the Bank of Israel and as a member of the Bank's management. Eyal will take up his position on November 1, 2015. A search committee recommended the appointment of Dr. Rozen, who will replace Mr. Tsahi Frankovits who stepped down from the position. Dr. Rozen has served as a senior lecturer at Netanya Academic College and has more than 20 years of teaching experience in the fields of operations management and project and information systems management, at Tel Aviv University, Bar-Ilan University, and Netanya Academic College.

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.

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