Israel's central bank
“We haven’t seen a contraction on a yearly basis in the Israeli economy for an awful long time, this is a very rare event.”
The Bank of Israel announced in September 2019 that it had authorized Shashua and Nacht to establish the digital bank – the first banking license granted in over four decades.
Before his emigration to Israel from the UK, Salter operated as an economist at the UK Finance Ministry in London, specializing in European policy and trade terms.
In addition to lowering the interest rate, the bank said it would also provide monetary loans to banks for a term of three years, with a fixed interest rate of 0.1%.
Among the most notable measures announced by the central bank is the option for existing customers to defer mortgage payments for up to four months.
Businesses say the Bank of Israel must start intervening to alleviate a liquidity crisis stemming from the coronavirus outbreak.
"At this time, our role at the Bank of Israel is to help achieve the correct balance in the financial system," said Bank of Israel Governor Prof. Amir Yaron.
Gil Topaz explains in an interview to the Jerusalem Post what our banking will look like in the year 2030, and how we, as consumers, will benefit from technological and regulatory developments
Avidan has worked in the Israeli banking system for over 30 years
A vision of the near future of banking as seen from the perspective of the offices of the head of the Bank of Israel.