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      Free Daily Israel Report
      Archive: 7/24/2011
      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.