The Bank of Israel’s Supervisor of Credit Data Sharing has instructed credit providers that report to the Credit Data Register to temporarily extend the time before arrears in customer loan repayments must be reported, moving the reporting trigger from 30 days past due to 60 days. The change is intended to give borrowers additional time to arrange debts and reduce the risk of arrears being recorded for technical or short-term reasons during the economic strain linked to Operation Rising Lion within the Swords of Iron War. The Bank of Israel noted that Credit Data Register information is used by credit providers to assess lending risk and can negatively affect borrowers’ ratings, access to credit, and credit terms. Customers are encouraged to engage with their credit providers on options such as deferring or spreading payments, while considering any associated costs, and to coordinate to avoid exceeding credit limits, bounced checks, or unarranged arrears. The directive applies to monthly reporting covering June to August 2025, after which the Supervisor will assess whether to extend the approach to additional reporting months.
Bank of Israel 2025-06-18
Bank of Israel temporarily extends Credit Data Register loan arrears reporting from 30 days to 60 days
The Bank of Israel’s Supervisor of Credit Data Sharing has instructed credit providers to extend the reporting trigger for loan repayment arrears from 30 to 60 days past due, applicable from June to August 2025, to mitigate economic strain impacts from Operation Rising Lion. This measure aims to provide borrowers more time to manage debts and prevent negative effects on credit ratings and access.