For the protection of depositors, the Bank of Israel is closely monitoring its banking system

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For the protection of depositors, the Bank of Israel is closely monitoring its banking system

publicat 2024-08-09 00:00:03 (Bursa)

The Bank of Israel has requested that banks present a plan to redirect deposits from current accounts to term deposits, after banks stopped paying interest on these accounts, according to the Israeli press. The letter sent by the Bank of Israel includes, according to sources, requirements for active measures, such as proactive phone calls to clients, and explains the need to reduce interest rate discrepancies between different categories of clients.

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