In January 2024, the volume of frozen loans in Israel decreased significantly. Since then, the volume has continued to drop, with February seeing a decrease to 63 billion shekels and March seeing a further decrease to 54.6 billion shekels. This means that 45% of the previously frozen loans have been resumed due to payments from Israelis. Most of these loans are commercial loans.
Out of the remaining frozen loans, mortgages make up the majority, totaling 39.3 billion shekels and accounting for 6.7% of total mortgage loans in Israel. Additionally, there are still 2.7 billion shekels of consumer loans and 7.3 billion shekels of small business commercial loans that remain frozen. The loan freeze program, which has been extended twice, is currently in effect until June in Israel.