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April 2, 2015 11:25 am

Report Slams Israeli Banks for Exploitation

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The Bank of Israel headquarters. Photo: Ester Inbar via Wikimedia Commons.

Arutz Sheva – Among the things Moshe Kahlon and other MKs who claim to be socially conscious plan to do is lower the cost of banking in Israel, a country where banking fees take a significant chunk out of the monthly paycheck of residents. Adding fuel to the fire, a report in business daily Globes Wednesday listed just how much bankers earn – and concluded that between them, the nine best paid bankers earned NIS 52.2 million ($13 million) in 2014.

The report was based on annual reports issued by the banks, which are all publicly traded companies. The report reflects not only salaries, but also benefits, pensions, and bonus payments that top officers of each of Israel’s banks receive.

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