93.2% of consumer loans frozen since the beginning of the crisis have already been repaid

93.2% of consumer loans frozen since the beginning of the crisis have already been repaid. This is a positive and important statistic, since consumer credit is considered high-risk credit. The bank usually does not have a lien against this credit, and
During the Corona crisis, such loans were frozen in the amount of over NIS 14 billion, and now a relatively low amount of less than NIS 1 billion remains. The positive data are in line with other macro data such as a decrease in unemployment, as a return to the labor force allows borrowers to repay their loans. Therefore its flexibility in reaching debt settlements and payment schedule is relatively low.
The data also show that 85.5% of all loans frozen since the beginning of the Corona crisis have already been repaid. The figure for the end of March indicates a slight improvement compared to the February data of 84.4%. The total amount of loans deferred is NIS 25.5 billion, with over 70% of this amount, NIS 18.5 billion, being in mortgages.
Small businesses, which were the main victim of the crisis, also continue to recover, with close to 92% of loans that froze during the crisis returning to repayment. As of the end of March, NIS 2.9 billion of loans to small and medium-sized businesses are on hold, compared with close to NIS 40 billion since the beginning of the crisis.
 A more moderate improvement in the data was in housing loans. The amount of mortgages that were repaid during March was half a billion shekels, and there is still a considerable amount of 18.5 billion shekels in mortgages that are on the verge of deferred payments.
 The only sector in which there has been no significant return to repayments in recent months is large businesses. Although 77% of the loans frozen since the beginning of the crisis have returned to normal repayment, if at the end of January the volume of frozen loans was NIS 2 billion, at the end of March not only did not improve, but the amount even rose to NIS 2.2 billion.