Bank of Israel: competition reforms could add to rapid credit growth
Credit to households continues “significant” expansion and may be boosted by banking competition reforms, central bank warns
Reforms intended to open up the Israeli banking system to greater competition could add to consumer credit growth, which is already “significant”, the Bank of Israel warned in its latest financial stability report, published today (June 27).
The report notes continued growth in “non-housing” household borrowing could expose the financial system to greater credit risks. The banking sector reforms are expected to boost competition in the credit market, and could therefore offer households cheaper
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