Wed, 22 Sep 2021

Israeli assets abroad hit record high in Q2: report

Xinhua
14 Sep 2021, 23:05 GMT+10

JERUSALEM, Sept. 14 (Xinhua) -- The balance of assets held abroad by Israeli residents reached a record high of about 666 billion U.S. dollars at the end of the second quarter in 2021, the Bank of Israel said in a report on Tuesday.

In the second quarter, the asset balance increased by about 36 billion dollars, or 6 percent, from the end of March, the report said.

The Israeli central bank explained that the increase derived mainly from growth in the foreign securities portfolio and in reserve assets.

Israeli outstanding liabilities increased by about 46 billion dollars, or 11 percent, in the second quarter to a record high of about 480 billion dollars.

Israel's surplus of assets over liabilities vis-a-vis abroad decreased by about 5.2 percent in the second quarter to about 186 billion dollars at the end of June.

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