In Israel, the volume of frozen loans has significantly decreased in the months following January 2024. Specifically, in February, the volume dropped to 63 billion shekels and in March it further decreased to 54.6 billion shekels. This means that approximately 45% of previously frozen loans have been resumed due to war payments. It’s worth noting that most of the resumed loans are commercial loans.
Out of the remaining frozen loans, mortgages make up the majority, accounting for 39.3 billion shekels and 6.7% of total mortgage loans. Additionally, consumer loans worth 2.7 billion shekels and small business commercial loans worth 7.3 billion shekels are also still frozen. The loan freeze program, which has been extended twice, is currently in effect until June.
This data provides insight into the fluctuation of frozen loans in Israel.