Banking & Finance

The bank made a NIS 109 million provision for credit losses in the second quarter, down from NIS 247 million in the second quarter last year.

What exactly does Fitch's rating drop tell us about the government's management of the Israeli economy throughout the war? Will it be possible to win back investor's trust?

Fitch Ratings downgraded Israel’s credit rating from A+ to A, citing heightened geopolitical risks and the ongoing Israel-Hamas conflict.

The USS said in its most recent report that it had reduced its investments in the Middle East "in response to the financial risks that became apparent."

Musk has reportedly contributed to the America PAC. However, the South African-born entrepreneur was not listed on a Monday filing by the group, which shows that it has raised more than $8 million.

For the first time in the banking system, all branch managers will provide their personal phone numbers to customers for direct correspondence on WhatsApp.

It has been a very good period for wealth in Israel: the average wealth in shekels increased by 142%, and the median by no less than 220%.

The Bank of Israel plans to improve its payment system with a digital shekel, but it is waiting for other advanced economies to launch digital currencies.

Since the Hamas-led attack on Israel on October 7, Israeli Finance Minister Bezalel Smotrich has withheld sums earmarked for administration expenses in Gaza.

“Israel Bonds is the most powerful way to connect the Diaspora to the State of Israel and its people,” explains Dr. Andrew M. Hutter, Israel Bonds US and International Chairman of the Board.