The Bank of Israel should take care of competition instead of making claims to MKs who do this - voila! Money. 70% of all credit in the economy comes from only three banks (Hapoalim, Leumi and Discount) The banking monopoly not only costs the public a great deal of money every year (in commissions and loss of revenue due to zero interest on deposits), writes Yehuda Sharoni.
Despite all these measures, as of the beginning of 2024, banking concentration in Israel has improved only slightly.