Reinsuring the Housing Bonds Portfolios of Israeli banks with Global Reinsurers, led by CRS, released Real Estate financing pressure.

A few months ago, Dr. Hedva Ber, the Director of Banks, decided that this would enable a relief for the banks and allow an increase to their credit. Moreover, the Bank of Israel estimated that this relief in return would increment the value of real estate credit by 10 billion NIS.

Just this past year and half, the majority of the banks acquired insurance from reinsurers to protect credit in the Sales Law Guarantees portfolio which is estimated at 70 billion NIS.