08:32
Reported

News Brief

  7/24/2011, Tammuz 22, 5771

Law Would Expand Postal Bank Services


Communications Minister Moshe Kachlon on Sunday will present to the Knesset a law that will expand the services offered by the Postal Bank. A report on Israel Radio said that Kachlon hopes to expand Postal Bank services to assist poorer Israelis who have difficulty maintaining a relationship with large banks. Kachlon's proposal would essentially give the Postal Bank the ability to offer services associated with a commercial bank.

Bank of Israel Chairman Stanley Fischer is said to oppose it.