Regulatory Alerts2024-10-30
Industry indebtedness limitation
The Bank of Israel issued Circular No. C-06-2803 to extend temporary relief on industry indebtedness limitations to support the economy's credit needs amid the Swords of Iron War. The regulation updates Proper Conduct of Banking Business Directive no. 315 by separating the Financial and Insurance Services industry limitation into domestic and foreign activities with a combined cap of 25 percent. Additionally, the relief for the Construction and real estate industry is extended by two years until December 31, 2027.
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