Debt Developments in the Nonfinancial Private Sector, Fourth Quarter of 2021
The following is a summary of developments in nonfinancial private sector debt in the fourth quarter of 2021:
- We've witnessed a marked increase of about NIS 41 billion (3.9 percent) in the balance of business sector debt, mainly from an increase in debt to banks.
- The balance of households’ housing debt continued to increase, by a notable scope of NIS 18 billion (4 percent), in the fourth quarter. The increase derived mainly from an increase in the volume of new mortgages taken out by households from the banks.
- The balance of nonhousing debt increased in the fourth quarter, by about NIS 8 billion (3.9 percent), thus continuing the increase in this balance that began at the end of 2020, after declining in 2020, in view of the COVID-19 crisis.
 Data on debt to banks are based on monthly balance sheet data and not on data from the annual financial statements, because as of the date this press release was written the financial statements data for 2021 have not yet been published.