Banking Sector Fraud Trends in Palestinian Territory, Occupied

======================================================

Devastating Impact of Israeli Occupation Aggression on Gaza Strip

A recent report from the Palestinian Central Bureau of Statistics (PCBS) reveals that the Israeli occupation aggression on Gaza Strip has resulted in catastrophic losses for the private sector, with an estimated $2.3 billion in damages over a four-month period.

Sectoral Breakdown of Losses

• Internal Trade: The most severely affected industry, accounting for more than half of all establishments.
• Industry: Total losses totaling $1.9 million.
• Services: Significant impact with losses totaling $3.5 million.
• Construction: Estimated losses of $74 thousand.

Region-Specific Losses

• Gaza Strip: 86% of usual monthly production was lost during the month-long Israeli occupation aggression on Gaza since October, resulting in losses of around $810 million.
• West Bank: Preliminary estimates indicate that the production of economic sectors through four months of Israeli occupation aggression lost about 27% of its production compared to the total of usual four-month production percentage, with an estimated loss of around $1.5 billion.

Total Losses in Palestine by Region

Conclusion

This devastating report serves as a stark reminder of the devastating impact of Israeli occupation on the Palestinian economy, with far-reaching consequences for the banking sector and overall economic stability in the region.

Source: Palestinian Central Bureau of Statistics (PCBS)