Credit
Found 4 recent publications
Immediate, deferred, revolving and prepaid: which card gives you a loan and which does not
The Bank of Israel lists four types of payment cards, and the difference between them determines whether you are paying with your own money or borrowing at interest. What each one does, and how much it adds up to in shekels.
Over 30,000 shekels: The financial trap threatening families in Israel
A dense convergence of three massive expenses at the end of the summer creates an unprecedented cash flow gap of tens of thousands of shekels beyond the monthly income, pushing the middle class into a dangerous spiral.
Buying for 20 thousand shekels, paying another 4,300: how much does a credit deal really cost?
A credit deal looks like just another way to spread out a purchase, but in practice, it is an interest-bearing loan. At an average interest rate of about 13.2%, a purchase of 20,000 shekels can reach more than 24,300 shekels when spread over three years. The difference between "installments" and "credit" can be worth thousands of shekels.
Bank Hapoalim Earns 2.5 Billion Shekels: Impact of New Banking Tax
The bank's return on equity stood at 15%, a figure that would have been higher without the special tax imposed by the Ministry of Finance this year.