The competition commissioner will announce a concentration group in the banking sector - subject to a hearing - voila! Of money. The motive: fear of actual damage to the public or competition between the banks in the industry to increase.
As of the end of 2022, the five banking groups together control 98% of the total assets of the banking system, when they are led by the Leumi Group and the Hapoalim Group. The decision is subject to hearing the banks, which may present their claims to it.