Zurich (ots) - Bank Hapoalim (Switzerland) Ltd has been ranked
19th by the Association of Foreign Banks in Switzerland, based on
2009 net earnings. The ranking, a significant rise from the 29th
place the Bank reached in 2007, prior to the global recession, is
further indication of the continued growth and success of the Bank.
The 2009 ranking included 120 foreign banks.
Orit Lerer, Chairperson of the Board, commented: "This achievement
represents a clear testimony to the strength of the Bank, the
professionalism of our team and the trust we have earned from our
clients.I have full confidence that the bank's board of directors,
management and staff will continue to lead the bank to great
Chief Executive Michael Warszawski said: "The core strength of a
business is measured by its resilience and adaptability in times of
crisis. Thanks to consistent hard work and dedication, we have
successfully retained our clients and assets, protected our equity,
and proven our capabilities. The current year continues to present
challenges and opportunities. Our next challenge is to not only
maintain our impressive ranking, but to improve on it in 2010!"
About Bank Hapoalim (Switzerland) Ltd
Bank Hapoalim (Switzerland) Ltd is the Swiss Private Banking
subsidiary of Bank Hapoalim, B.M. Established in 1975, Bank Hapolim
(Switzerland) Ltd delivers sophisticated wealth management services
to high net-worth individuals around the globe via branches in
Zurich, Geneva, Luxembourg and Singapore, representative offices in
Tel Aviv, Moscow and Hong Kong and the BHI Trust Company in Jersey.
Assets under Management of Bank Hapoalim (Switzerland) Ltd reached
CHF 10.9 billion at end of 2009. Bank Hapoalim (Switzerland) Ltd's
steady increase in clients, assets and earnings derives from
carefully targeted business and team acquisitions and from strong
organic growth. Bank Hapoalim (Switzerland) Ltd. is regulated by the
Swiss Financial Market Supervisory Authority FINMA.
ots Originaltext: Bank Hapoalim (Schweiz) AG
Bank Hapoalim (Switzerland) Ltd