Bank of Jerusalem – Complementary Banking Bank of Jerusalem was established in 1963 as a mortgage bank and became a commercial bank in 1998. It has enjoyed sustained growth ever since and now has 18 branches throughout Israel, serving households, real estate developers, businesses in various industries, associations, non-profits, and foreign residents, among others. The Bank offers a range of banking services and products to customers of all banks: loans, mortgages, long and short-term deposits, investments, and more. These are provided via advanced tools tailored to the needs of all types of customers and communities, so you can always find the right product to suit your requirements. Furthermore, you can open a deposit account, apply for a loan, and request a mortgage online, without having to open a checking account or visit a branch. This means that anyone, including those who do not have a Bank of Jerusalem account, can apply for the banking product most relevant to them, without leaving home. Real estate projects are another major focus for the Bank. Bank of Jerusalem currently co-finances developments that constitute around 12% of all residential units now under construction in Israel. The Bank also specializes in urban renewal projects, purchasing groups, TAMA 38 initiatives, and so on.