Bank of Israel posts NIS 1.2B loss in 2012
The loss, due mostly to currency fluctuations and interest rate differentials, brings the Bank of Israel's accumulated losses to NIS 42.6 billion in the past two decades.
Foreign currency fluctuations and interest rate differentials caused the Bank of Israel to lose NIS 1.2 billion in 2012, according to its annual report published yesterday. That compares with a much bigger loss of NIS 3.4 billion in 2011.
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