Bank of Israel to offer banking licence to credit card companies

New entities will be allowed to operate with “more lenient” regulations, supervisor says

Photo: David Vaaknin

The Bank of Israel is preparing a programme that will provide bank licences to new entities, including credit card companies, supervisor of banks Daniel Hahiashvili said on May 21.

The programme will enable the companies to accept deposits and provide credit. The newly licensed firms will be subject to “more lenient” regulations, the supervisor said.

The banking supervision department of the central bank is working to encourage competition in the banking system, Hahiashvili said. This will involve

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

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 individual account