- Dec 6, 2009
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Official report: Arabs pay higher interest rates on loans in Israel than Jews
Arab citizens in Israel pay higher interest rates on bank loans than Jews, Israel's Hebrew newspaper Maariv reported on Friday citing an official report. The report, which was conducted on bankin...
www.middleeastmonitor.com
The report, which was conducted on banking in the Arab sector in Israel, found that there is less competition in offering services to Arabs compared to Jews.
Published by the Israeli Competition Authority for public comment on 15 May, the report found that Arab customers pay a higher interest rate on credit than Jews, even when both have similar loan and risk characteristics.