Bank of Israel Reports Low Risk To Financial Sector, Small Business Struggles

This article was first published by The Times of Israel and is re-posted with permission.

The Bank of Israel said that risks to Israeli banks and insurance companies have returned to near-crisis levels, while many small businesses are still struggling due to the effects of the pandemic.

The bank released its twice-yearly Financial Stability Report on Wednesday. In the report, the bank’s economists analyze the resiliency of Israel’s financial system against leading risk factors.

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The most recent report focuses on the ongoing recovery from the pandemic. During the first half of the year, Israel’s vaccine rollout allowed a return to near-normalcy and the reopening of businesses, albeit with ongoing challenges, while other countries underwent a slower recovery.

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