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Finance and Trade06/05/2021 12:13 In his latest blog, industry analyst Edahn Golan details how Israeli banks are further cutting financing to the Israeli diamond industry. In 2020, diamond financing in the country fell below $500 million for the first time in 30 years, marking a 33% decrease. Shrinking activity is one of the obvious reasons but complicated admin due to money laundering-related regulations specific to the diamond industry seems to be a burden to most banks. It seems they don’t consider it worth their while anymore. According to the Bank of Israel, Israeli bank financing totaled $498.75 million in the fourth quarter of 2020, a 6.8% decline compared to the third quarter of the year. However, the reduction in Israeli bank financing isn t a new phenomenon. The downward trend has been going on for quite some time. The first sign came in 2014, when Israel’s Bank Leumi announced the closure of its New York City branch, despite the fact the industry was on a moderate g

New yorkUnited statesEdahn golanIsrael bank leumiBank leumiNew york cityபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்இஸ்ரேல் வங்கி லுமிவங்கி லுமிபுதியது யார்க் நகரம்