Bank of Palestine (BOP) has, and continues to, play an exemplary role in Palestine’s financial history for a variety of reasons. Up until 1960, there were no national entities to respond to the growing demand by Palestinians for financial services and institutional lending. This urgent call for financial intermediation inspired the founders of the bank to create the country’s first financial establishment, Bank of Palestine. Our bank was the first national entity to actively provide basic financial services to individuals and small enterprises. In doing so, we established ourselves as leaders within the financial market as BOP, in essence, helped create Palestine’s national banking system.
Despite operating in a volatile market, we continue to act as Palestine’s largest bank, offering a multitude of personal and business banking services to over 750,000 individual and institutional customers. BOP’s diverse clientele includes everyone from leading local and international companies and notable Palestinian businesspeople to disadvantaged and marginalized community members; we serve everyone equally and to the best of our abilities. Since our establishment in 1960, we have created the largest network of branches across the country (governorates in the West Bank and Gaza, and the Holy City of Jerusalem), making BOP best suited to provide fast, convenient, and personalized attention for our clients.
Our services include a vast array of banking products and services which include but are not limited to current and savings accounts; deposits; loans and credit facilities; foreign currency exchange; international money transfers; credit and debit cards; trade finance services; treasury services; custody services; and special programs for financial inclusion and green lending. We have also integrated ourselves within the global economy by establishing international trade relations and offering services for customers that require foreign transaction services. These efforts have been successful in connecting Palestinians in the diaspora with the local economy, despite their accounting for a only a small portion of our overall operations.