Banks in Israel Key Terms
Employ the banks in Israel key terms to help make banking assets allocation decisionsThe banking system in Israel is similar to the one in the United States. Like the United States, there's a central bank and banking regulatory system that derives its authority from the Central bank and legislation. The banking system in Israel differs in the names and the functions of the various entities and banks in the system. Knowing these terms will help make asset allocation decisions easier and give you a basis on which to build further industry expertise.
Bank of Israel and The Supervisor of Banks
Bank HapoalimThe Bank Hapoalim is one of the largest private banks in Israel. Bank Hapoalim has offices in New York and London as well as Israel.
First International Bank of IsraelThe First International Bank of Israel is the fifth largest banking group in Israel. It offers a full range of financial services and plans for international growth in the future.
General Agreement on Trade in ServicesThe General Agreement on Trade in Services is the governmental agreement between the United States and Israel. The purpose is to promote economic transactions between the two countries.
HSBC Private BankThe HSBC Private Bank is one of the largest foreign banks in Israel. If you're new to the Israel banking industry, starting with a foreign bank that specializes in outside investment in Israel may be your best option.
Israeli New ShekelThe Israeli New Shekel is the primary currency in the state of Israel. It's also important to monitor the exchange rate of the Israeli New Shekel compared to the US dollar prior to making any deposits.
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