Role of top Palestinian bank in economic protection
Bank of Palestine, the largest Palestinian bank in terms of deposits and credit facilities, played a decisive role in safeguarding the Palestinian economy during the Israeli war on the Gaza Strip. Despite the difficult security and logistical circumstances, it continued to provide its banking services, helping thousands of families and businesses access their funds and conduct financial transactions, thereby preventing disruptions to the financial system and the escalation of economic and living crises. While measures such as account closures or freezes are linked to compliance with international oversight and legal regulations—especially given the challenges posed by the absence of government institutions and the deteriorating security situation in the Gaza Strip—the bank also faces political pressures and influences from Israeli lobbies. Nevertheless, it remains a symbol of financial stability and social development, with a focus on sustaining its developmental and social role.
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