Israel's Banking System - Annual Survey 2007
In 2007, the net income of Israel's five major banking groups rose, despite losses on asset-backed securities, and capital-adequacy ratios reached a record-high of 11% by the end of the year, the Bank of Israel's annual survey of its domestic banking industry notes.
But the report also notes that Israel's banking system remains highly concentrated with a relatively low level of competition compared to advanced economies.
The central bank's banking supervision department explores ways of
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