Bank of Palestine (BoP) is the first and largest bank with a well-diversified branch network of
48 branches in Palestine, and a paid up capital of $134 million and assets of over $1.65
billion. Established in 1960, BoP has successfully expanded its presence and operations throughout
the country and now has 1,200 employees serving more than 550,000
customers. BoP has around 20% market share of deposits and credit facilities in Palestine.
Operating as a universal bank, BoP is engaged in retail, corporate, SME and Micro banking operations, with the largest card processing operations in Palestine. BoP is the sole agent for
issuing and acquiring Visa and Master Card in Palestine with over 5,000 Point of Sale stations
Bank of Palestine’s stock (PEX: BOP), which has been listed on the Palestine Exchange (PEX)
since 2005, is among the market’s blue chip stocks, and represents around 13% of total PEX
market capitalization. In 2007 BoP established a brokerage subsidiary, Al Wasata Securities,
providing customers with trading access to stocks listed on the Palestinian Stock Exchange
and regional markets. And in 2011, the bank established another subsidiary, PalPay, which is
a company that provides electronic payment solutions through the bank’s network of over
5,000 Point of Sale stations spread throughout Palestine.
Bank of Palestine has played a very proactive role in several fundamental initiatives in
Palestine. The bank has mobilized the Palestinian private sector to launch the first private
pension fund -the first in the region- which is expected to contribute greatly to
strengthening the Palestinian economy and society. Moreover, Bank of Palestine has been
committed throughout the years to economic development on a community level. Therefore
the bank has adopted a holistic sustainability strategy and has been the leader in Corporate
Social Responsibility (CSR) in Palestine, dedicating 5% of its net profit to areas of Youth,
Innovation & Education, Health & Environment, Sports, Arts & Culture, Economic & Diaspora
Affairs, and Social & Humanitarian Efforts.
In the past few years, the bank’s development, achievements, and contribution to the
Palestinian society and economy have been recognized by several institutions; some of these
recognitions in 2011 include being awarded the prestigious Euromoney Award for
Excellence, Global Finance Award, and EMEA Finance Award as "Best Bank in Palestine”.