Number of banks reached 14.0 banks in 2019 in Israel, according to the National Central Bank. This is 12.5 % less than in the previous year.
Historically, number of banks in Israel reached an all time high of 26.0 banks in 2004 and an all time low of banks in. When compared to Israel's main peers, number of banks in Egypt amounted to 38.0 banks, 24.0 banks in Jordan and 47.0 banks in Lebanon in 2019.
Israel has been ranked 105th within the group of 140 countries we follow in terms of number of banks, 22 places behind the position seen 10 years ago.