Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Lebanese Ministry of Health: Final toll from airstrike on car in Zebdine, Nabatieh District: Two martyrs, four injured
Egyptian media: Indirect talks between Hamas and Israelis begin in Sharm el-Sheikh.
AFP: France's new PM Sebastein Lecornu resigns just hours after unveiling cabinet.
Trump: Technical teams will meet again on Monday in Egypt to discuss and clarify the final details, and the first phase is scheduled to be completed this week
US President Donald Trump: Talks with Hamas have been very successful and are moving at a rapid pace
Local sources in Aleppo: Violent clashes erupt between the SDF and factions affiliated with the transitional authority on the Deir Hafer and Tishrin Dam fronts in the eastern Aleppo countryside
Israeli media: Interceptor missiles fired in an attempt to shoot down the drone
IOF Spokesperson: Sirens sounded amid suspected "enemy aircraft" infiltrating the Eilat area
Israeli media: "Israel" won the battle but lost the war strategically and politically
Israeli media: Ben Gurion Airport's airspace closed to air traffic following missile launch from Yemen

Israeli banking regulator cautions banks on dividends distribution

  • By Al Mayadeen English
  • Source: Agencies
  • 13 Nov 2023 19:44
2 Min Read

The regulator underscored the necessity for banks to factor in the evolving circumstances and their consequences when evaluating capital plans and decisions regarding dividend allocations.

  • x
  • The headquarters of the Bank of
    The headquarters of the Bank of "Israel", the regime's central bank, in "Kiryat Ben-Gurion" in Al-Quds (AFP)

The banking regulator of "Israel" advised commercial banks to exercise prudence in distributing dividends and executing share buybacks, emphasizing the importance of a conservative approach to maintaining credit flow during a period of war and anticipated economic downturn.

In a communication addressed to banks, Daniel Hahiashvilli, the supervisor of Israeli Banks, highlighted that since the commencement of the war on Gaza, economic predictions have been adjusted downwards and may not yet fully capture the projected downturn.

He further emphasized the volatility of financial markets, the heightened credit risks, and the anticipated substantial increase in loan losses.

Hahiashvilli underscored the necessity for banks to factor in the evolving circumstances and their consequences when evaluating capital plans and decisions regarding dividend allocations.

He stressed the importance of maintaining adequate capital reserves to address diverse risks and ensure continued customer support, specifically by extending credit to creditworthy individuals.

He also warned that restricted access to credit could exacerbate the economic crisis, complicate recovery, and ultimately lead to heightened credit losses.

Related News

12 martyrs in Gaza since dawn, death toll rises to 67,139

Majority of American Jews say 'Israel' committed war crimes in Gaza

Read more: Israeli GDP growth expected to shrink 1%; debt-to-GDP ratio above 65%

Hahiashvilli acknowledged that the banking system entered the wartime phase with robust liquidity and sufficient capital reserves. However, he refrained from outright prohibiting dividends and buybacks, a measure taken by the central bank at the onset of the COVID-19 pandemic.

The banks, required to review their strategies and respond to the directive by Wednesday, indicated that their intentions would be disclosed alongside their third-quarter results, commencing with Bank Hapoalim's report scheduled for Thursday.

"Israel's" largest bank, Leumi LUMI.TA, has announced its intent to allocate a loan loss provision of up to 1.1 billion shekels ($270 million) in the third quarter. This step aims to safeguard the bank against potential repercussions stemming from the conflict between Israel and Palestinian Hamas militants.

"Whilst the other banks have yet to make announcements, the anticipated macro deterioration shall require further provisions," said Jefferies analyst Joseph Dickerson.

However, "the conclusion of our balance sheet 'burndown' analysis shows banks' (are) adequately capitalized to absorb losses," he noted

Read more: Israeli economy strains amid war on Gaza, controversial spending

  • genocide in Gaza
  • war on Gaza
  • Israeli economy
  • Bank of Israel
War on Gaza

War on Gaza

Most Read

Hamas fighters stand in formation ahead of a ceremony to hand over Israeli captives to the Red Cross in Nuseirat, Gaza Strip, Feb. 22, 2025. (AP)

Hamas reviews Trump’s Gaza ceasefire plan as PIJ rejects

  • Palestine
  • 30 Sep 2025
Iraq at a crossroads: A new war front?

Iraq at a crossroads: A new war front?

  • West Asia
  • 30 Sep 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025

Coverage

All
War on Gaza

Read Next

All
French far-left leader Jean-Luc Melenchon, listens to France Unbowed party parliament member Mathilde Panot during a demonstration after a Gaza-bound aid flotilla was illegally raided by the IOF, Thursday, Oct. 2, 2025 in Paris (AP)
Politics

French MPs on hunger strike after their detainment in 'Israel'

Gaza residents fear trap as Trump’s plan offers little relief
Politics

Flying promises and bombs: Gazans hopeful, yet deeply distrustful

Two years of destruction: Gaza endures war, famine, and displacement
Politics

UNRWA details Gaza's two years under war, famine, and displacement

In this photo provided by the North Korean government, North Korean leader Kim Jong Un, center, visits a military hardware exhibition in Pyongyang, Notrh Korea Saturday, Oct. 4, 2025 (AP)
Politics

DPRK's Kim unveils new advanced weapons at 'Defiance Development 2025'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS