Israel Considers Easing of State Bank Credits to Industrialists
Menu JTA Search

Israel Considers Easing of State Bank Credits to Industrialists

Download PDF for this date

The Ministerial Committee on Economics discussed a proposal at its meeting yesterday for a recommendation to the State Bank to case its credits for working capital needed by Israeli industry.

The recommendation was placed before the committee by the Ministry of Commerce and Industry. According to the Ministry, the State Bank’s “restrictive policy” on credits is so harsh that Israeli industrialists are deterred from developing production, and are forced to resort to private loans at usurious rates.

Founding Funders

The digitization of the JTA Archive would not have been possible without the generous support of the following donors:
  • The Gottesman Fund
  • Righteous Persons Foundation
  • Charles H. Revson Foundation
  • Elisa Spungen Bildner and Robert Bildner, in honor of Norma Spungen
  • George S. Blumenthal
  • Grace and Scott Offen Charitable Fund