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Full coverage· Economy· Updated

Israel Extends Banking Ties with Palestinians to End 2026

Israel has agreed to extend correspondent banking services with Palestinian banks until the end of 2026, deferring a planned cutoff by Bank Discount and Bank Hapoalim. The incoming Israeli government will be responsible for establishing a permanent solution to these vital financial ties.

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Israel Extends Banking Ties with Palestinians to End 2026
Illustration by baba

What happened

  1. 01Israeli banks' services to Palestinian banks extended to end of 2026.
  2. 02New Israeli government to find long-term banking solution.
  3. 03Money laundering and terror financing concerns prompted the issue.
  4. 04Banks handle 51 billion Shekels annually for Palestinian Authority.
  5. 0590% of Palestinian trade passes through Israel.
Translated and summarized by baba from Al-Shams, the latest report. Read Al-Shams’s original

The coverage

5 newsrooms on this story

Who covered it

  • Left1
  • Centre1
  • RightNone
  • HarediNone
  • Arab2
  • Other1

How it broke

See which of the 5 newsrooms broke it, and who waited