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  Tamuz 22, 5771 , 24/07/11

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.

Other archived news briefs:Jul 24 2011, 08:32 AM, 7/24/2011