Having gained a restricted licence in December 2019, One Zero operated on a trial basis initially but has now met all criteria, including raising the necessary capital.
One Zero's status is now the same as all the other banks in Israel, supervised by the Bank of Israel’s Banking Supervision Department to ensure its stability and to protect the money of its depositors.
One Zero is an independent bank that hopes to compete with the nation’s five largest banking groups, which hold some 98% of the market. It is the first to receive a banking licence in Israel in over 43 years.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.