Yesterday (May 19, 2025), a conference was held to present the Annual Survey of Israel’s Banking System, organized by the Safra Research Institute for Banking and Financial Intermediation at the Coller School of Management, Tel Aviv University. The conference showcased key trends in the banking system for the year 2024 and highlighted major initiatives promoted by the Banking Supervision Department during the year. Additionally, the conference presented findings from a survey conducted by the Banking Supervision Department in collaboration with the National Digital Bureau, aimed at examining public behavior patterns and financial preferences in the area of deposits.
Daniel Hahiashvili, the Supervisor of Banks, stated: "In the past year, the resilience of Israel's banking system has helped it overcome numerous challenges, meet the credit needs of the economy, and assist the public through support measures. The Banking Supervision Department continuously identifies and monitors various risks facing the system and acts to mitigate them when necessary, such as the restrictions we imposed on financing promotions in the construction industry. The Department is currently working to strengthen the banking system’s capital structure to enhance its ability to cope with shocks and various challenges. The system’s stability depends not only on its financial characteristics but also on its relationship with its customers. We have acted and will continue to act for fair and accessible banking for the entire population. In terms of competition, we are working to introduce additional participants into the banking system through phased regulation. Simultaneously, we continue to enhance data transparency and provide customers with comparison tools, while also removing barriers to switching banks."
Zehava Buchholz, Head of the Economics Unit in the Banking Supervision Department, added: "Among other things, the findings reveal that 27 percent of households do not save at all, while 51 percent choose to save in bank deposits—half of them also save through other channels outside the banking system. The remaining respondents save exclusively through nonbanking channels. The survey also highlights the importance of financial literacy. Respondents who understand the value of money and the effects of inflation tend to save more and in a more informed manner. Among those who do not save in bank deposits, several factors could encourage them to do so: a simple and accessible process, clear and transparent information on bank websites, products tailored to their needs, and guidance from the bank along the way. These are areas that we emphasize and work to advance—out of a commitment to public well-bring and improving transparency and fairness."