Bank of Israel announcing a 0.75% increase in the interest rate, the Prime rate will be 3.5% starting Thursday.
With the Bank of Israel announcing a 0.75% increase in the interest rate, the Prime rate will be 3.5%.
It’s no surprise that the banks’ stocks are skyrocketing, as their product, money, has become more expensive and the banks are profiting. The bank reform is an effort to increase competition, give people more information about their financial situation, and more.
What’s actually going on and what will the impact of the current situation be on the Fintech sector?
In Shibolet’s latest episode of “The Insiders,” listen to the thoughts and insights of partner Michal Ohana, who focuses on bank legislation on a podcast available on Apple and Spotify.
The episode is a continuation of the previous episode which dealt with closing bank branches together with Dr. Dr. Liad Ortar.
