Israeli banks reduce business lending by NIS 18b in 18 months
Lenders channel more money into mortgages and other household lending, Bank of Israel data show.
A major shift has taken place in bank lending since the Bank of Israel ordered lenders to strengthen their capital adequacy ratios at the end of 2011, with banks directing more credit to households and less to businesses. The change was revealed in data published by the Bank of Israel yesterday, which showed loans outstanding to business has declined NIS 18.4 billion since the start of...
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