The Economist magazine said in a recent report that Israeli banks are suffering from capital flight.
The magazine added in the report on the repercussions of the war between Israel and Lebanon, that "the three largest banks in Israel announced a significant increase in the number of people requesting to transfer their savings to other countries."
On the other hand, data from Standard & Poor's Global Intelligence showed that the cost of defaulting on debts rose to its highest level in 2012, yesterday, the cost of insuring a default on Israeli sovereign debt over the next five years rose to 156 basis points, the widest spread since 2012.
This comes amid growing fears of a full-scale war in the Middle East, due to missile attacks between Israel and Lebanon.
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