Nevertheless, SME financing can be a good business for banks and a better understanding of the sector should provide enough incentives for banks to start and build business relationships with them. This is an investment that can be done now within the environment of high bank profitability. 24.
On October 2, 2005, shortly after I took up office as Governor, the government resolved to adopt the principles of the new Bank of Israel Law in the spirit of the Levin Committee’s recommendations and developments in this field abroad.