Bank of Palestine

Company

Investment-firm

Last deal

Amount

Post-IPO Equity

Stage

27.08.2024

Date

1

all rounds

General

About Company
Bank of Palestine is a leading financial institution in Palestine.

Industry

Sector :

Subsector :

founded date

01.01.1960

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Equity

IPO status

Private

Description

With a history dating back to 1960, Bank of Palestine is the largest bank in Palestine, serving around 780,000 customers through its 66 branches. The bank offers a wide range of banking services, including retail, corporate, micro & SME, and Diaspora banking operations. It is the sole agent for issuing and acquiring Visa and MasterCard in Palestine, with over 6,000 Point of Sale merchant terminals nationwide. Bank of Palestine is also involved in large project finance loan syndications and has a strong focus on sustainability and corporate social responsibility. The bank has consistently distributed profits to its shareholders and has seen significant growth in its market capitalization over the years.
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