Bank

The top five banks earned a combined profit of NIS 6.3 billion ($1.7 billion) in the first quarter.

IDB Bank has partnered with Israeli nonprofit organization 'Invisible Album', to support Israeli Defense Force (IDF) veterans experiencing Post Traumatic Stress Disorder (PTSD).

Mercantile Bank led all banks with a maximum score in three of the five parameters reviewed by the index.

The acquisition positions Israel at the forefront of digital customer interactions, as Lightico becomes global leader in B2B2C Digital Completion with the Vizolution merger.

A study by the Israel Competition Authority found that borrowers in the Arab sector pay higher interest rates on bank loans even if they're at the same risk level as someone in the Jewish sector.

Sick of your money "lying around" in your checking account? Paybox announced that they will pay 3% per year on money that is left in their app.

Co-CEO: "The partnership represents a significant milestone not only within the banking industry but also in the realm of customer service."

According to reports, the number of companies opening bank accounts outside Israel is expected to increase if the crisis continues.

In early May, Leumi announced that it recorded a loss of around NIS 1 billion due to its investment in Valley National.

Israel's aggressive policy-tightening cycle has sparked anger among its citizens as mortgage, loan payments and the cost of living have soared, with inflation staying around 5%.