Bank of Israel - Press Releases - Monthly report on programs the Bank of Israel operated in the financial markets in view of the COVID-19 crisis
Central bank: boi | Type: statement | Date: 2022-02-07

As
of the date of this report, all of the programs outlined in this notice have
ceased.
The
following is a monthly update on the balances in the programs that were put
into operation, as of January 31, 2022:
Repo
 transactions with bonds as collateral[1]
Long-term
 loans to the banking system for providing credit to small businesses[2],3
Date
 announced by the Bank of Israel
[1]On April 6, 2020, the
Bank of Israel broadened the repo tool to include corporate bonds as
security, in addition to government bonds. 
For more information, see the press release at
[2]In
accordance with the Monetary Committee’s decision of April 6, 2020, the Bank of
Israel provided the banking system with 3-year, fixed-rate loans, with the goal
of increasing the supply of credit to small and micro businesses. The program
was operated first until the end of May and was renewed in August. Within the
framework of this program, the new pillar—which was decided upon on October 22,
2020—began to operate as well, through which the loans are for 4 years at an
interest rate of -0.1 percent.
3In accordance with the Monetary Committee’s
decision of July 5, 2021, the program providing long-term
loans to the banking system against credit extended to small and micro
businesses will end on October 1, 2021 or when a total of NIS 40 billion in
credit has been extended through the plan.​