The
Bank of Israel operates several programs to deal with liquidity difficulties that
have adversely impacted the financial system due to the coronavirus crisis, to
ensure the proper functioning of the financial markets, to ease the terms of
credit in the economy, and to support economic activity and financial
stability.
The
following is a monthly update on the balances in the programs that were put
into operation, as of August 31, 2020:
On
July 6, the Bank of Israel announced a renewal of the long-term loans program
that the bank had provided to the banking system, with the aim of increasing
the supply of credit to small and micro businesses. During August, as part of this program, NIS
4.1 billion in loans were allocated to the banking system. The volume of loans as part of this program
(including the April program) is NIS 8.7 billion.
|
|
Repo
transactions with bonds as collateral
|
Dollar-shekel
swaps
|
Government
bond purchases
|
Corporate
bond purchases
|
|
Date
announced by the Bank of Israel
|
March
15, 2020
|
March
18, 2020
|
March
23, 2020
|
July
6, 2020
|
|
Balance
as of:
|
NIS billion
|
$ billion
|
NIS billion
|
NIS billion
|
|
March 31, 2020
|
5.5
|
7.5
|
8.5
|
-
|
|
April 30, 2020
|
1.8
|
7.5
|
13.2
|
-
|
|
May 31, 2020
|
1.6
|
6.8
|
19.2
|
-
|
|
June 30, 2020
|
1.5
|
4.5
|
23.4
|
-
|
|
July 31, 2020
|
1.5
|
0.0
|
23.9
|
0.6
|
|
August 31, 2020
|
1.5
|
0.0
|
29.9
|
0.9
|