FINANCIAL SERVICES

The interest rate will be paid up to a maximum deposit of NIS 20,000.

The bank has issued a draft regulation limiting the permitted level of loans secured on a home.

Leumi's move angered fund managers who claimed that the deposit structure made it a "mutual fund in disguise."

All the statistics indicate a declining housing market, except for one: the monthly new mortgage loans total remains very high. What explains the anomaly?

Having sold its stake in The Phoenix, the US investment firm is looking to return to Israel’s insurance and financial sector.

ICC-CAL’s CEO Levy Halevy decision to become El Al CEO means Discount Bank must select a new CEO for the credit card company because the sale deal will take many months to complete.

The Phoenix Holdings is paying NIS 150 million for the price comparison engine.

Israel’s mortgage-GDP ratio is just 30%, well below Switzerland (131%), the UK (115%), Australia (93%), and Canada (62%), the “Helgi Library” website reports.

DigitalOwl's technology analyzes and summarizes medical records, serving insurance companies and lawyers.

The finance automation company has raised the money just two months after implementing a streamlining process that included major layoffs.

Bank Hapoalim's stock is currently trading at NIS 62.85, and those who invested in the bank's shares a year ago have recorded a return of almost 88%.

George Horesh's Union Investments and Harel will buy Discount Bank's 72% stake in the credit card company, at a company valuation of NIS 3.75 billion.

The bank is offering customers no fees on a checking account and 50% of the income it generates from customers' money.

The bank has struggled to reach profitability losing NIS 268 million last year, down from NIS 357 million in 2023.

Enav is promoting over 35 urban renewal projects throughout the country totaling about 25,000 housing units.

The auto finance fintech company had a valuation of over $1 billion at the time of its most recent financing round in 2023.

The mutual fund managers claim that Bank Leumi's new product is a mutual fund in disguise, without the regulations they are subject to.

Falling bond yields, plus the pressure from the large stock of unsold homes, are making the banks adjust lending rates.

Mizrahi Tefahot Bank deputy CEO Adi Shachaf told the Globes Investment Conference that the high cost of living is the Israeli economy's weak point.

Sayata has developed an AI-enabled digital distribution marketplace for commercial insurance.

People who bought new apartments with small upfront payments are starting to find they can't pay the balance - and can't sell either.

The Banking Supervision Department's draft directive comes against a background of rising financial fraud on the Internet.

More than half the considerable growth in Discount Bank's commercial credit portfolio in the second quarter came from the real estate sector.

The Israeli online trading platform's share price has fallen over 40% in the past three weeks.

The bank is reducing the prime lending rate by 0.25% for customers with loans and mortgages.

The fund's Council on Ethics states that the banks support settlement activity in the West Bank. The fund has also disinvested from US construction equipment company Caterpillar.

Qualifying customers can receive two shares each, currently worth NIS 124. Meanwhile, First Int'l Bank is offering securities trading benefits to young customers.

Capitalise.ai's platform enables users to trade in cryptocurrencies and other assets with orders in ordinary English.

The new banking and banking plus insurance indices work on the equal weight method, but that diminishes the impact of the best performing stocks.

The bank reported NIS 1.1 billion profit in the second quarter of 2025, up 7% from the corresponding quarter of 2024.