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.
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.