The Banking Supervision Department
instructs the banking system to operate under emergency procedures in
accordance with Home Front Command instructions
The Banking Supervision Department has instructed the banking system to operate under emergency procedures in the relevant areas, in accordance with instructions from the IDF Home Front Command.
As per the emergency procedures, which are based on the Banking Supervision Department's Proper Conduct of Banking Business Directive 355 regarding Business Continuity, the banking corporation must only operate branches that are predefined as emergency branches (core branches). At the head offices of the banks, only essential workers responsible for essential processes will work. In this context, it is emphasized that banking service is defined as an essential service to the public.