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Mortgage lending totaled NIS 12 billion final month, the Financial institution of Israel studies, the second highest quantity of mortgages taken this 12 months, solely crushed by the all-time report excessive of NIS 13.4 billion in March.
The full of recent residence loans taken in Israel rose in Could. Mortgage lending totaled NIS 12 billion final month, 14% increased than in April, in response to Financial institution of Israel figures launched right now. Could noticed the second highest whole quantity of mortgages taken this 12 months, solely crushed by the all-time report excessive of NIS 13.4 billion in March 2022.
The Financial institution of Israel didn’t give a breakdown of mortgage debtors in right now’s report however breakdowns from the previous few months have indicated that funding consumers have very a lot lowered their presence available in the market.
The comparatively low April determine for mortgage taking of NIS 10.5 billion was attributed to the Passover holidays, which lowered the variety of enterprise days within the month. Even so, the full for April was unusually excessive contemplating that the Passover vacation fell in that month.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on June 14, 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.
Mortgages credit score: Shutterstock
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