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Full coverage· Economy· Updated

Discount Bank Launches $80 Million Loan Fund for Northern Businesses

Discount Bank has launched a NIS 300 million loan fund called "Green North" to aid small businesses in northern Israel affected by the ongoing conflict. The fund offers loans up to NIS 1 million with favorable terms and interest rates, aiming to support economic recovery and growth in the region.

3 newsrooms · 1 language · since

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What happened

  1. 01Discount Bank established a NIS 300 million loan fund for northern businesses.
  2. 02The fund aims to support businesses impacted by the ongoing conflict.
  3. 03Loans of up to NIS 1 million are available with favorable terms.
  4. 04Interest rates start from Prime + 0.25% with up to a 7-year term.
  5. 05Applications are open until December 31, 2026.
Translated and summarized by baba from Ice, the latest report. Read Ice’s original

The coverage

3 newsrooms on this story

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