Although some steps have been taken to improve competition in this area, such as the directive issued by the Supervisor of Banks making it easier for customers to transfer from one bank to another, the situation is still far from satisfactory.
As long as there is no increase in the number of large banks - whether through the merger of small and medium banks or through the entry of foreign banks into the field of full retail banking in Israel - we will have to continue examining ways of removing the barriers in this area.