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Member Spotlight Profile: Bank Leumi

· Members,Funding

Bank Leumi USA is a full-service commercial and private banking institution providing financial services to middle market firms, as well as a full range of private banking solutions to domestic and international clients. Leumi’s Commercial Banking division specializes in serving select industries, products and asset types in the U.S. middle market, including water. The Bank focuses on high-growth market areas to serve its diverse client roster with custom solutions that best support their business needs.

The water industry is a focus area of the Bank, stemming from the pioneering water technology innovation in Israel, the home of the Bank’s parent company, Leumi Group. Israel is at the forefront of water technologies and the Bank has served this sector for decades. Israel has displayed remarkable advances in water technology, as it is the leading country in the world in water transformations such as water desalination, the transport of water, and the reclamation of wastewater for agriculture. Nearly 90% of waste water is recycled in Israel, which is four times higher than any other country in the world. The Bank is looking to leverage their industry expertise to help U.S. water-related businesses achieve their goals.

As a new corporate member, Bank Leumi complements Current’s already strong partnerships with Israeli organizations including Israel NewTech, Mekorot, and The Technion – Israel Institute of Technology. A new partnership between Current and the Israel – US Water Initiative will deepen Current’s connection to the Israeli water innovation community and spur new technology development.

Bank Leumi has worked with companies specializing in water equipment and materials, water monitoring, data collection and analytics, reclamation and reuse of water, and desalination projects. The Bank’s offerings to these companies include equipment financing, cash management, working capital line of credit, and much more.

With over 60 years of operation in the U.S., and as a committed relationship-driven bank, Bank Leumi has the ability to meet the specific needs of clients and continuously innovate and impact the water sector.

Current provides professional service firms like Bank Leumi with access to a global network of industry and innovation leaders across the water innovation value chain through events and marketing channels. As a member of Current, Bank Leumi is excited to work closely with other members to advance technology innovation in the water industry.

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