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Bank Leumi Usa · New York, NY United States

Company Description

579 5th Ave.
New York, NY
10017
United States (Map)
Phone: 917-542-2343
Fax: 917-542-2254
Toll Free: 800-892-5430
    More Companies in: New York, New York
    More Companies in These Related Industries: Capital Equipment LeasingCommercial Banking
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    Bank Leumi USA is a subsidiary of Bank Leumi le-Israel, one of Israel's leading banks. It provides commercial and international banking services to large and midsized corporations, specializing in import and export lending, as well as lending to businesses in such industries as textiles and apparel, real estate, diamonds, technology, and entertainment. The bank, which also acts as an intermediary for American firms and individuals with investments in Israel, has more than a dozen offices in California, Florida, Illinois, New York, and the Cayman Islands. Some of Bank Leumi USA's other services for individuals include private banking and wealth management. To read the full description, subscribe now.
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    Key Bank Leumi Usa Financials

    Company TypeSubsidiary

    Headquarters
    Fiscal Year-EndDecember
    2007 Sales (mil.)$381.7
    2007 Employees500

    Bank Leumi Usa Executives

    68 executives listed for Bank Leumi Usa's New York, NY location.
    TitleName & BioContact
    ChairmanEitan RaffEmail
    President, CEO, and DirectorUzi RosenEmail
    EVP and COOSidney GottesmanEmail

    Competition

    Competitive Landscape for Bank Leumi Usa
    Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.
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