FINANCIAL SERVICES

Psagot Investment House has been appointed as the operational representative for the foreign funds of investment giant BlackRock in Israel.

The purchase of control of the digital gift cards company from the Mayer group will probably be executed through parent company Phoenix Financial.

Leaving large amounts in a bank current account is not a conservative choice - it's a choice to lose money.

Bank Hapoalim deputy CEO Shmulik Arbel told the "Globes" Infrastructure of the Future conference that population growth meant that Israel had a large gap to close.

The digital insurance company's Lemonade Autonomous Car product appears to validate Elon Musk's claims for the safety of autonomous vehicles.

Despite the Bank of Israel’s two recent rate cuts, interest rates on deposits have actually risen in the past year due to greater competitiveness.

In a stormy Knesset Finance Committee session, capital market representatives expressed shock at the Bank of Israel's approach.

The best funds have handily beaten the stock market indices, but the expiry of the relevant legislation makes the future opaque.

The value of assets managed by Israeli financial institutions has doubled in less than seven years, according to the Bank of Israel.

Israeli mortgage banks have taken advantage of the recent interest rate cuts to increase their profit margins by 37% on new mortgages.

The supermarket chain’s finance unit is seeking a license to provide payments services, which would allow customers to hold digital current accounts.

The Israeli fintech company had 1,501 employees at 10 sites around the world at the end of 2024, so the company is laying off just over 100 employees.

TRES Finance has developed a platform for managing, controlling and financially reporting digital assets.

The reinsurance giant is unhappy about regulatory uncertainty on the costs it will have to pay to insured clients in the health sector.

Leumi Partners and the Schestowitz family will buy a 15% stake from founders Asaf Banai and Shlomi Alberg.

The new finance will be used to recycle the existing debt.

The minister of finance said he was responding to threats from the banks that if a special tax is imposed on them they will withdraw consumer benefits.

From investment provident funds to income tax, a range of measures will need to be taken into account.

The rate is higher than the team appointed to examine the tax proposed. Association of Banks: The decision has no economic logic and is contrary to the public interest.

The cancellations appear to be associated with purchases through developers' special financing offers.

The inter-ministerial team leaves the decision to the politicians. The Bank of Israel and the Ministry of Finance Budgets Division categorically oppose an additional tax on the banks.

The lawsuit describes the Slice affair as "the biggest and worst case of breach of savers’ trust that the pension savings sector in Israel has ever seen."

Adhanan is due to open an Israel office for the venture lending firm next year.

The insurance and financial group's profit for the first nine months of 2025 was 40% higher than in the corresponding period.

Before talking about the economy, Israel needs to define the right set of values for itself, The Phoenix Holdings CEO Eyal Ben-Simon told the Israel Business Conference.

Israel's major banks reported record profits last week, but the market apparently believes the good times may not last.

The bank is “only” distributing 50% of its profit as a dividend because it is setting aside a high amount for credit losses.

The bank will sell its 28% stake in the credit card company to George Horesh’s Union Investments and Harel.

Delek Group's third quarter jumped by 640% year-on-year, mainly thanks to a revaluation of its holding in North Sea oil producer Ithaca Energy.

The bank's annualized return on equity in the third quarter was 17.6%.