Deposits in Israeli banks fail to fully reflect rate hikes

• Published date: 28 May 2023

This comes after the banks reported record profits in 2022 because of the rise in interest income, and even higher profits in the first quarter of 2023, compared with the first quarter of 2022

Moreover, a report recently published by the Supervisor of Banks found that Israelis hold NIS 500 million in bank accounts that earn no interest whatsoever and that the banks are not doing enough to encourage customers to...