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The Jewish Colonial Trust (German: Jüdische Kolonialbank), predecessor to the present Bank Leumi, was founded at the Second Zionist Congress in Basel and incorporated in London in 1899 as the financial instrument of the Zionist Organization.
The Jewish Colonial Trust was the first Zionist bank. It was founded at the Second Zionist Congress and incorporated in London on March 20, 1899. The JCT was intended to be the financial instrument of the Zionist Organization and was to obtain capital and credit to help attain a charter for Palestine. It quickly became clear that the amount of ...
JEWISH COLONIAL TRUST, the first Zionist bank. The Jewish Colonial Trust (Juedische Colonial Bank) Ltd. was incorporated in London on March 20, 1899, in accordance with the decisions of the First and Second Zionist Congresses.
The applications, which, by the end of the following month, had made the establishment of the trust certain, represented over 100,000 shareholders; and special accommodations for the register at Somerset House, London, were necessary.
Mar 20, 2015 · On March 20, 1899, the Jewish Colonial Trust, the financial institution entrusted by the Zionist Organization with responsibility for supporting and funding the efforts to establish the Jewish national home in Palestine, was created, in London.
- David B. Green
- dbgiht@gmail.com
The Jewish Colonial Trust Herzl's financial vision began to materialize in London, the contemporary global financial center. Initially, due to ideological differences, leading Jewish bankers refused to cooperate with Herzl’s plan to establish a financial institution.
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