20:55
Reported

News Brief

  4/1/2012, Nisan 9, 5772

Bank of Israel Cut Losses by 14.5 Billion in 2011


The Bank of Israel lost 3.4 billion shekels in 2011, compared to a loss of 17.9 billion in 2010, according to bank reports. The loss stems from interest expenses to other banks and the public.

The bank recorded 17.1 billion shekels in income on exchange rates, mainly from revaluation of foreign currency reserves.