Interest rate cut by 0.4%
Bank of Israel governor David Klein announced a 0.4 percent cut in the interest rates on 30 December, as was widely expected.
Bank of Israel governor David Klein announced a 0.4 percent cut in the interest rates on 30 December, as was widely expected.
Supervisor of Banks, Yoav Lehman, is drafting new guidelines for banks that will reduce drastically the availability of overdrafts on current accounts for small- and medium-sized enterprises (SMEs) and individuals.
The new fund for loans to small businesses will begin operations in the next few days after the Knesset Finance Committee approved the transfer of NIS30m from budget reserves to the fund.
Minister of Industry, Trade and Labour Ehud Olmert, speaking at the World Association of Small and Medium Enterprises (WASME) Conference, told the participants that he had stressed the great importance and contribution of small- and medium-sized b
The changes in the ownership of Gerling NCM Credit and Finance, a part of Germany’s Gerling Group, will help Clal Credit Insurance expand its overseas business, said Uri Levy, Clal Credit Insurance’s general manager.