Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
DatabankOctober 25 2021

Mortgages at Israeli banks rise amid ongoing house price boom

Mizrahi Tefahot Bank, the country’s third largest lender by assets, saw its mortgage book expand by 24% year on year in 2020.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

Total mortgages on the books of leading Israeli banks continued to rise last year on the back of a decade-long boom in house prices.

Bank Leumi, the largest bank in the country by assets, saw its mortgage book increase 15% year on year in 2020, to $28.1bn from $24.4bn in 2019. It follows a 14% year-on-year rise between 2018 and 2019.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial