Bank Hapoalim announced on Wednesday that it will again distribute its shares as a gift to roughly one million customers in Israel, following high demand for a similar initiative in September. Eligible customers may choose either two Bank Hapoalim shares, valued at about NIS 138.9 as of market close on Tuesday, or a cash grant of NIS 125, according to the bank. The value of the shares may rise or fall, the bank noted.

Customers who opt for the shares will receive an exemption from fees on those two shares for up to 20 years, or until the shares are sold, whichever comes first. Customers who do not state a preference will automatically receive the NIS 125 cash grant, the bank said.

Who qualifies and when

Eligibility is based on status as of August 31, September 30, and October 31, 2025. New customers, and existing customers who did not meet the criteria on those dates, can still qualify by meeting the conditions on December 4, 2025. The bank said it has filed a shelf offering report to allocate the shares.

According to the bank, the renewed offer comes after a September campaign that distributed over 500,000 shares and garnered significant customer interest. The giveaway is part of Bank Hapoalim’s fourth-quarter benefits, aligned with the Bank of Israel’s relief framework that led commercial banks to roll out discounts and benefits.

The initiative reflects the bank’s updated strategic message, “Not only Poalim, initiating.” “We are proud to repeat this first-of-its-kind initiative in Israel, in which a company gives its shares as a gift to its customers,” CEO Yadin Antebi said. 

The bank has highlighted resilient performance in 2025, with shares rising earlier in the year amid an improved outlook. The customer-focused benefits align with industry efforts to ease costs, as noted above.

The bank said the September round distributed more than half a million shares to customers, and the new allocation aims to extend the benefit to around one million clients.