New Mortgages Jump in December, Capping Record Year

Bank of Israel says quality of lending has improved, reducing risks to banking system.

Israelis took out 4.74 billion shekels ($1.35 billion) in new mortgages in December, the Bank of Israel reported on Sunday, marking a 1.7% increase from a year earlier and capping a record year of home loans despite efforts to rein in the borrowing.