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ISRAEL AT WAR - DAY 572

Loans

A branch of Bank Leumi in central Jerusalem (Maxim Dinshtein/Flash90)
March 30, 2025, 11:17 pm
Unbalanced: Banks offer minor benefits, with major catches, for war-harmed clients
Told to give back a fraction of their vast profits, Hapoalim offers $68 to students and reservists… if they have a deposit account or $8,000 balance, Leumi will defer payments on mortages below $27,000
By Sharon Wrobel
The Bank of Israel's main offices in Jerusalem, January 2, 2023. (Yonatan Sindel/ Flash90)
February 26, 2025, 4:50 pm
Israeli banks told to set aside $839m to offer customers lower fees and other benefits
Bank of Israel urges banks profiting from high interest rates to provide benefits, as households, small businesses, and other war-affected populations struggle to make ends meet
By Sharon Wrobel
Farmers from the Golan Heights demonstrate with colleagues from all over Israel against the war and the security of the borders in a convoy of agricultural trucks, Kibbutz Mevo Hama, southern Golan Heights , February 22, 2024. (Michael Giladi/Flash90)
June 16, 2024, 8:21 pm
Loan org, Leket food bank, partner to offer farmers credit to cope with war effects
Tracks offer 3% fixed interest rate on loans of up to NIS 300,000 over five years, or prime-rated loans of up to NIS 1 million over a decade, plus help with planning, mentorships
By Sue Surkes
Offices of Discount and Hapoalim banks in the center of Tel Aviv (Miriam Alster/ FLASH90)
February 14, 2024, 7:26 pm
After credit downgrade, Moody’s lowers deposit ratings of Israel’s five largest banks
Lower rating increases borrowing costs for banks, which in turn will likely be passed on to consumers and lead to higher lending rates
By Sharon Wrobel
An illustrative view of a Bank Hapoalim branch in central Jerusalem on July 27, 2022. (Yonatan Sindel/Flash90)
November 16, 2023, 4:01 pm
Bank Hapoalim defers NIS 17.8 billion in loan and mortgage payments due to war
Bank set aside a provision for credit losses of NIS 662 million in the third quarter amid increased risk of an economic slowdown
By Sharon Wrobel
The Sderot municipality reports a direct hit to a building sustained during a rocket barrage on October 13, 2023. (Sderot Municipality)
October 16, 2023, 5:41 pm
Bank of Israel sets out plan to freeze mortgage, loan payments for 3 months
Central bank says steps provide financial relief and ease cashflow crunch in wake of Hamas onslaught and ongoing war
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks during a press conference at the Bank of Israel in Jerusalem, January 2, 2023. (Yonatan Sindel/Flash90)
June 27, 2023, 9:37 pm
Proposed bill a ‘serious blow’ to Bank of Israel’s independence, governor warns
Central bank head urges Netanyahu to withdraw legislation that would force banks to pay interest on current accounts; bill to be brought to Knesset vote on Wednesday
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks during a press conference at the Bank of Israel in Jerusalem, on January 7, 2019. (Noam Revkin Fenton/Flash90)
June 20, 2023, 5:08 pm
Bank of Israel head urges lenders to pay fair interest on deposits, current accounts
Central bank chief instructs banks to fully pass on interest rates to deposit holders and come up with a plan to pay interest on the billions of shekels sitting in current accounts
By Sharon Wrobel
BlackRock's office in the Hudson Yards neighborhood of New York City. (AP/Ted Shaffrey)
June 8, 2023, 3:05 pm
BlackRock snaps up provider of loans to Israeli and European startups
With offices in Israel, Kreos lends to startups including Israeli taxi-hailing app Gett, energy tech firm SolarEdge, and biotech firm BiolineRX
By Sharon Wrobel
View of the Bank Hapoalim offices in the center of Tel Aviv. August 4, 2015. (Miriam Alster/Flash90)
May 22, 2023, 2:06 pm
Bank Hapoalim posts NIS 2.01b quarterly profit fueled by 49% jump in interest income
Net profit surges 21.3%, prompting bank to raise dividend payout 10 percentage points to 40% of quarterly profit as it benefits from steady interest rate hikes over past year
By Sharon Wrobel
Illustrative: Tear gas is fired during a demonstration by retired Lebanese army and security forces veterans, demanding inflation-adjustments to their pensions, outside the government palace headquarters in the center of Beirut on March 22, 2023. (ANWAR AMRO/AFP)
March 23, 2023, 5:07 pm
IMF warns Lebanon at ‘very dangerous moment’ amid failure to pass crucial reforms
Fund’s delegation fears country faces ‘never-ending crisis,’ as Beirut struggles to approve changes to unlock $3 billion conditional loan to salvage freefalling economy
By Aya Iskandarani
Illustrative image: Israelis walk next to Bank Leumi in Jerusalem on November 16, 2014. (Yonatan Sindel/Flash90)
March 14, 2023, 5:52 pm
Leumi posts biggest profit among Israel’s banks, fueled by steady rate hike
Net profit in 2022 rose 27% to a record NIS 7.7 billion; net interest income jumped 28% to NIS 13.2 billion versus the previous year
By Sharon Wrobel
Illustrative: Campaign posters prior to general elections, in Tel Aviv, on March 17, 2021. (Miriam Alster/FLASH90)
January 17, 2023, 5:05 pm
Parties have racked up nearly a quarter of a billion shekels in election debts
Likud owes Knesset NIS 70 million, while Jewish Home and Meretz are unlikely to be able to pay back the tens of millions they owe after failing to enter parliament
By Tani Goldstein
A construction site in the central Israeli city of Be'er Ya'akov, 2022. (Yossi Aloni/Flash90)
October 21, 2022, 4:56 pm
Borrowing for home purchases continues freefall amid higher rates, prices
Israelis took out 20% less in mortgages from August to September, Bank of Israel figures show, bringing lending to lowest level in a year; interest rates expected to keep going up
By Danielle Nagler
Matti Munk
November 25, 2020, 4:47 pm
Matti Munk
End of Covid mortgage holiday – will housing prices fall?
Of the million Israelis furloughed or fired after Covid-19 took over our lives, almost 200,000 households chose to put home-loan payments on hold; this holiday is all about over
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