Story perspectives

Israeli Banks End Palestinian Links by 2026, Economy at Risk

7/24/2026

Summary

Story summary

Israel Discount Bank will end correspondent-banking with Palestinian lenders on September 1, 2026, followed by Bank Hapoalim on October 1, 2026.
Finance Minister Bezalel Smotrich oversees the indemnity waiver that lets Israeli banks process about 51 billion shekels ($16.6 billion) in PA payments annually, which expires at end-2026.
Palestinian Monetary Authority governor Yahya Shunnar warned the cuts could push the West Bank economy to a breaking point before year-end.

1 of 1

Story summary

Israel Discount Bank will end correspondent-banking with Palestinian lenders on September 1, 2026, followed by Bank Hapoalim on October 1, 2026.
Finance Minister Bezalel Smotrich oversees the indemnity waiver that lets Israeli banks process about 51 billion shekels ($16.6 billion) in PA payments annually, which expires at end-2026.
Palestinian Monetary Authority governor Yahya Shunnar warned the cuts could push the West Bank economy to a breaking point before year-end.