Limitations on the issuing of housing loans

Bank of Israel Banking Supervision Department Policy and Regulation Division 1 October 30, 2016 Circular Number C-06-2518 To: The banking corporations – Attn: CEO Issue: Limitations on the issuing of housing loans (Proper Conduct of Banking Business Directive no. 329) Introduction

1. In view of the special conditions set out in the tender to provide loans for eligible members of the defense establishment, the need arose to revise the Directive regarding the applicability of the limitations.
2. Following consultation with the Advisory Committee on Banking Business, and with the approval of the Governor, I have decided to revise the Directive as detailed below. The amendment to the Directive
3. Applicability: In Section 13, a clarification was added stating that the limits set out in the Directive shall not apply to loans to eligible members of the defense establishment that meet certain fitness conditions as detailed in the Section. Effective Date
4. The amendments to the Directive shall apply from the date of publication of this Circular.

File update 5. The updated pages of the Proper Conduct of Banking Business file are attached. The following are the update instructions: Remove page: Insert page:

Bank of Israel Banking Supervision Department Policy and Regulation Division 2 300-2-5 [37] (6/15) 329-1-7 [4] (5/16) 300-2-5 [38] (10/16) 329-1-7 [5] (10/16) Sincerely, Dr. Hedva Ber Supervisor of Banks