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Mizrahi Tefahot Snapshot
Mizrahi Tefahot Bank, one of Israel's largest banks, offers a variety of international, commercial, domestic, and personal banking services. It also commands more than 40% of the country's mortgage market. Subsidiaries provide financial services including portfolio and fund management and capital market advice. The bank has more than 125 domestic branches and representative offices in the US, Switzerland, Germany, the UK, Mexico, and the Cayman Islands. The bank was created in 2004 after the merger of United Mizrahi Bank and subsidiary Tefahot Israel Mortgage Bank. The Ofer and Wertheim families control approximately 46% of Mizrahi Tefahot's shares.
