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Israeli Manufacturers Warn of Massive Export Losses as Banks Cut Palestinian Banking Services

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מאת ליאור באקאלו

דווח לראשונה בGlobes · Aug 20, 2026

מה קרה

Israeli manufacturers warn that Bank Hapoalim and Discount Bank's planned cessation of banking services to Palestinian banks will cause a 20 billion shekel annual loss in trade, disrupt payments to Palestinian workers in settlements, and push commerce into risky cash channels. They call on the Finance Ministry to establish legal payment alternatives before the October 1 cutoff.

  • 01Bank Hapoalim and Discount Bank will stop providing banking services to Palestinian banks by October 1, 2026.
  • 02This move is expected to cause a 20 billion shekel annual loss in Israeli-Palestinian trade.
  • 03Exports will lose about 15.2 billion shekels, imports about 5 billion shekels.
  • 04Trade may shift to unregulated cash channels, increasing risks of money laundering and terrorism financing.
  • 05The disruption could raise prices and reduce competition in the Israeli market.
  • 06Payment difficulties for Palestinian workers in West Bank settlements may hinder construction activities.

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סיקור מלא · 3 מקורות

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סיפורים קשורים

Discount and Hapoalim Banks Cut Ties with Palestinian Authority, Threatening Israeli BusinessesAug 5, 2026Palestinian Currency Governor Warns of Imminent Economic Collapse Amid Israeli Banking Cutoff ThreatsJul 26, 2026Palestinian Currency Governor Warns of Imminent Economic Collapse Amid Israeli Banking DisconnectJul 26, 2026Nine Banks to Be Cut Off from Shekel Transactions with Palestinian Authority by OctoberAug 12, 2026Israeli Banks Threaten to Halt Financial Services to Palestinian Authority Over Terror Funding RisksAug 3, 2026Israel Extends Banking Ties with Palestinians to End 20263 days ago