Outline “With a Prophet” — financial relief for the victims of the operation

General background

Due to the economic and civilian consequences of Operation “With Kalafi” — which include the disabling of wide areas, evacuating residents, physically damaging businesses and homes, as well as a broad recruitment of reserve soldiers — Ghib formulated Bank of Israel outlines temporary aid. It aims to provide immediate flow relief to the populations directly affected, balancing against the stability of the financial system.

The outline is defined for the period between July 1 to July 31, 2025, with the possibility of early submission by decision of the bank.

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Target Populations

The outline is designed for:

• Households whose homes were physically damaged and/or evacuated.
  
  
• Civilians injured as a direct result of the fighting.
  
  
• Small and small business owners who are physically or flow-affected.
  
  
• Reserve soldiers running businesses.
  
  

The main reliefs for households

1. Deferral of interest-free payments

• mortgages — deferment of up to 3 months without an unlimited amount, No interest and no fees.
  
  
• Consumer loans — up to 100,000 NIS, for a period of 3 months, No interest and fees.
  
  

2. Deployment of payments — three alternatives to choose the bank

• Adding the deferred payments to the end of the loan term.
  
  
• Deployment of payments over the balance of the loan term.
  
  
• New loan, interest-free, for a period of 4 years — repayment will begin one year after its commencement.
  
  

Eases for small and small businesses

(Definition: annual turnover up to NIS 25 million)

• Postponement of loans A total of up to NIS 2 million for a business, for a period of two months, No interest and fees.
  
  
• Temporary exemption from interest on the balance of duty of up to NIS 30,000 per business hour — for business owners serving in reserves.
  
  
• Business “in a second circle” — WHO DO NOT MEET THE CONDITIONS FOR AUTOMATIC ELIGIBILITY — ARE ENTITLED TO A DEFERRAL AT THE CONTRACTUAL INTEREST RATE.
  
  

Eligibility conditions and required references

• House/Business Evacuation — Approval from the local authority or competent authority.
  
  
• injury — Confirmation of hospitalization due to injury from operation “With a Victim”.
  
  
• Business Inactivity — Approval of the Registrar, Tax Consultant/Attorney's affidavit.
  
  
• Reserve Service — You will receive or credit from the state in the period 1.5—1.6.25 or present a certificate of enlistment.
  
  

Additional points

• The outline represents Minimum conditions, and any bank may widen Him.
  
  
• Conditional deferral of payments Proactive appeal of the client.
  
  
• The reliefs do not apply to borrowers in court proceedings.
  
  
• A reprieve for customers who were in arrears will be allowed only for a period of up to 180 days from the date of the onset of arrears.
  
  
• Relevant toFIRST APARTMENT OR HOUSING ENHANCERS ONLY In mortgages.

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THE “PEOPLE AS A RESULT” OUTLINE EXPRESSES THE COMMITMENT OF THE BANKING SYSTEM TO PROVIDE A PROMPT, TAILORED AND FAIR RESPONSE TO CITIZENS AND BUSINESSES AFFECTED BY THE SECURITY AND ECONOMIC SITUATION. The combination of a clear definition of entitlements, flexibility in the manner of deferral and deployment, and systemic accountability — enables thousands of households and businesses to navigate this challenging period without falling into a credit crisis.

WE, THE BANKING TEAM AT KO-SYSTEMS, REGULARLY FOLLOW THE GUIDELINES OF THE BANK OF ISRAEL AND OTHER REGULATORY BODIES, AND WORK TO ASSIST OUR CUSTOMERS IN ACCORDANCE WITH THE GUIDELINES. As it was in the Corona crisis and the War of Iron Swords. We develop technological solutions that enable financial entities to effectively deal with the frequent changes in the Israeli economy — while maintaining stability, transparency, and a high level of service even in challenging times.

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