The Bank of Israel's Supervisor of Banks today published new instructions to make accounting practices by Israel's banks more transparent.
Supervisor Yitzhak Tal has directed the banks to report results according to business and geographical sectors.
The breakdown, Tal says, will help readers of the banks' financial statements to better understand the banks' performance and evaluate future returns. It will also help them to achieve a deeper understanding of the individual banking institutions as a whole.
The Supervisor's new rules are meant to facilitate understanding of the range of services and products the banks provide in different geographic regions, where profitability, growth, and risk rates all differ.