Regulatory Alerts2024-02-04
Adjustments to Proper Conduct of Banking Business Directives for the Swords of Iron War
The Bank of Israel's Banking Supervision Department issued a temporary directive to grant banking corporations and acquirers business flexibility to support customers adversely affected by the Swords of Iron War. The measures include extending the validity period for updated financial statements by three months and removing limitations on housing loans up to NIS 200,000 for home protection improvements authorized by the Home Front Command. These regulatory easings are generally valid until March 31, 2024, with specific exceptions for certain sections expiring on earlier dates.
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