The ruling marks the first time a former Israeli premier has been convicted of bribery in what has been called one of the worst corruption scandals in Israeli history.
According to public Channel 1 television, Olmert was convicted of receiving bribes in two separate cases, one of which was linked to construction of Jerusalem's massive Holyland residential complex dating from when he was the city's mayor.
Olmert was in 2010 named as the key suspect in the so-called Holyland affair on suspicion that he received bribes totalling some 1.5 million shekels (USD 430,000), although the prosecution later reduced the sum received by about half.
He led the centre-right Kadima party into government, but resigned from the premiership in September 2008 after police recommended that he be indicted in several graft cases.
In July 2013, a Jerusalem court found Olmert guilty of breach of trust in a closely watched corruption case, but cleared him on two more serious charges related to the alleged receipt of cash-stuffed envelopes and multiple billing for trips abroad.
The conviction related to favours that Olmert granted a former colleague while serving as the trade and industry minister.
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