Intercultural Bank Management in Israel

Yair E. Orgler

Istanbul Stock Exchange Review, 1997, vol. 1, issue 1, 13-36

Abstract: With a population of 5.5 million and 15,000 US$ per capita income in 1994, Israel is a headrunner among developing countries. Banking activities are led by the five largest banks representing 93% of total activities. Public sector still plays a dominant role in the banking sector, since after the 1983 banking share crisis, the government took control in the sector. This article studies Israel’s banking sector, providing a historical, cultural and economic background. Within this context, corporate structure of the banking system and its public image as well as effects of future regional and regulatory developments with a special interest on privatization of the largest three banks constitute the topic of this article.

Date: 1997
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