Despite global turmoil, Israelis' financial assets reach record

Israelis' financial assets portfolio was NIS 288,900 per capita in May.

Despite global market turmoil and the shekel's appreciation against the dollar and euro, Israelis' financial assets grew by an additional NIS 16.5 billion in May 2008 to NIS 2.08 trillion, an all-time high, according to Bank of Israel data published today.

Israelis' financial assets portfolio was NIS 288,900 per capita in May. The average financial assets portfolio among the top ten percent was NIS 1.15 million.

Israelis' financial assets portfolio grew by 6.6% in January-May, and by 3% in real terms, excluding inflation.

Published by Globes [online], Israel business news - www.globes-online.com - on July 6, 2008

© Copyright of Globes Publisher Itonut (1983) Ltd. 2008

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