1. Israel risk: Financial risk.
- Subjects
FINANCIAL risk ,POLITICAL risk (Foreign investments) ,CENTRAL banking industry ,FOREIGN exchange rates ,BANKING industry - Abstract
The article discusses the financial risk of Israel. The Economist Intelligence Unit (EIU) notes the resiliency of Israeli new shekel to political risk, and partial success of intervention of its central bank Bank of Israel (BoI) in limiting the pace of exchange-rate appreciation. According to the EIU, main concern of the export sector is further currency appreciation. Profitability of the banking sector strengthened in 2013 with a 10 percent year on year increase in profits of five banks.
- Published
- 2013