[1] It is headquartered in Ramallah, West Bank and is the leading financial institution in Palestine, with a net worth of $6.5 billion USD.
[8] According to a report in the French newspaper Le Monde, the bank informed its partners about a series of robberies and the loss of €66 million during the Israel–Hamas war in 2024.
The theft of €2,8 Million in Israeli currency was discovered on 16 April, after perpetrators had broken into a vault.
The staff tried to secure remaining cash reserves by pouring concrete over the cash boxes, but the concrete block was opened the next day with the help of explosives, and the attackers stole the equivalent of €29 million in various currencies.
On 18 April gunmen got away with the equivalent of €33,6 Million from the second largest branch of the bank in Gaza, by identifying themselves as representatives of the authorities and forcing their way into the building.