Fluctuations in Frozen Loans: Israelis Resume Payments on 45% of Previously Frozen Loans

According to data from the Bank of Israel, the volume of frozen loans decreased significantly in the months following January 2024. In February, the volume dropped to 63 billion shekels, and in March, it further decreased to 54.6 billion shekels. This means that Israelis have resumed payments on 45% of the loans that were previously frozen due to the war.

Of the loans that remain frozen, most of them are mortgages, accounting for 6.7% of total mortgage loans. Additionally, there are still 2.7 billion shekels of consumer loans and 7.3 billion shekels of small business commercial loans that are frozen. The loan freeze program has been extended twice and is currently in effect until June.

It is important to note that the data presented relates to the fluctuation of frozen loans in Israel.