Bank of Israel in the red by $4.9 billion


The Bank of Israel on Thursday reported a net loss of 17.9 billion shekels ($4.9 billion) last year compared with a modest profit of 1.4 billion shekels the previous year.

The central bank said the turnaround largely reflected exchange rate differentials owing to a stronger shekel. The central bank said 17.6 billion shekels of the 17.9 billion shekel losses derived from the revaluation of the foreign exchange reserves at the end of the year and a strengthening of the shekel against the major cur

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: