Israel's Banking System -First Half of 2021
During the first half of 2021, there was a decline in the morbidity rate which led to the lifting of many of the government-imposed restrictions and facilitated a significant increase in economic activity. These trends had a positive effect on businesses and borrowers and led to a decline in the level of economic uncertainty. Due to the economic recovery, the business results of the banking system for the first half of 2021 were significantly better than for 2020, particularly relative to the same period in 2020, during which there was a major slowdown in activity due to morbidity levels. Nonetheless, there is still uncertainty with regard to the duration of the COVID-19 crisis and its future effect on the domestic and global economies, particularly in view of the recurring waves of morbidity (including among those already vaccinated) and the temporary reimposition of certain restrictions.
Israel's banking system - First Half of 2021 - Tables
Israel's banking system - First Half of 2021 - Figures