Banking & Finance

Financial news, data and analysis.

Mizrahi Tefahot posts highest Q2 ROE among Israel's banks

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.

By NETANEL ARIEL/GLOBES/TNS
16/08/2024

Does Fitch's ratings drop show gov't failure to manage war economy?

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?

13/08/2024
Fitch Ratings

Fitch downgrades Israel's credit rating to A amid geopolitical tensions and ongoing conflict

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

13/08/2024

Largest private British pension fund dumps Israeli assets after pressure from members

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 plans to commit around $45 million a month to new pro-Trump super PAC

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.

16/07/2024

Bank Leumi’s service revolution continues with WhatsApp access

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

UBS: Average wealth in Israel rose in 2023

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%.

By IDAN ERETZ/GLOBES/TNS
11/07/2024
An illustration of Israeli cryptocurrency

Bank of Israel waiting for digital Euro ahead of digital Shekel launch

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.

By REUTERS
10/07/2024
 Finance Minister Bezalel Smotrich gestures at the Knesset, in Jerusalem, on June 24, 2024

Israel transfers $116 million of withheld tax revenue to Palestinians

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

By REUTERS
03/07/2024
 A counter protester waves an Israeli flag as students rally on Columbia University campus.

Israel Bonds provides a financially smart solution for combatting BDS

“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.

By ERIC NARROW
26/06/2024
Load more
Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use and privacy policy