Banks speed up pace of grants to customers
Israel's major banks have accelerated the distribution of NIS 1.9 billion in customer benefits as part of a voluntary plan to address public criticism over high profits. The banks are on track to meet their distribution targets following pressure from the Ministry of Finance.
Why it matters
This highlights the impact of public and regulatory pressure on corporate behavior in the banking sector during periods of high interest rates.
Israel s biggest banks have already handed out almost two-thirds of the NIS 3 billion they committed to transfer to the public through benefits, within two years. This is part of a voluntary plan adopted in April 2025 by the banks to help customers in an era of high interest rates, and high profits for the banks.
The article reports on financial data and regulatory context objectively.
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