The Israeli central bank is set to approve the creation of a new bank, the first to be launched in the country in roughly 40 years.
The approval will allow businessmen Marius Nacht and Amnon Shashua to establish their planned digital bank, which will focus on banking services to households, including providing credit, taking deposits, managing accounts and providing securities purchasing and sales services.
Israel's banking supervision department already completed its review process and the central bank is prepared to issue a banking license and control permit, according to a Sept. 24 statement.
