The approval marks second time in three years that a new bank will be set up in Israel; plan is for digital bank to offer attractive interest rates and services without commissions
The approvals, it said, will allow the founders to move forward and complete the mechanical, operational and regulatory preparations required for the start of the bank's activities.
JERUSALEM, Dec. 25 (Xinhua) Israel's banking regulator on Sunday approved the establishment of a new digital bank, Esh Bank Israel, in a rare move in the country's highly concentrated banking sector.
Israel regulator awards licence to investors to set up new digital bank oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.