The leading Israeli banks have announced a package of customer profits worth NIS 3 billion over two years, following the bank’s record profits reported by the bank in 2024, after Israel set such targets.
The Bank of Israel said today, “The key plans developed are better suited to the needs of the banking system’s customers than specific taxation and legislative processes that propose intervening in pricing bank products.”
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Bank Lemi (Tase: Lumi) Customers are struck by war to postpone the loan repayment for three months at no additional cost. Other benefits include paying home loans for up to 24 months for those affected by the war, exemption from checking fees for those affected by the war, and exemption from interest on overdrafts for those affected by the war.
Bank Hapolim (Tase: Poly) Provides NIS 250 grants to young, student and reserve soldiers with a balance of over 30,000. Other benefits include quarterly fee waiver on securities, quarterly account fees and evacuee credit card fees, granting NIS 250 with a balance of over NIS 30,000 NIS 500 for NIS 100,000 NIS financing and self-employed individuals with more than NIS 100,000 NIS financing. Overdraft interest reduction of 500,000 in the past quarter and 2.7%-2.9% in the current account framework for accounting salary.
Israel Discount Bank (Tase: DSCT) is 100% reimbursing interest charged on overdrafts, loans and current deposit fees for SMEs and Reserve, as well as refunds up to 375 per month for SMEs and Reserve for the next quarter.
Published by Globes, Israel Business News -en.globes.co.il- March 30, 2025.
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