Despite their recent outstanding financial performance, Israeli banks currently face several key challenges, including:

• Privatization of leading banks, together with the regulator's declared intention to create a third large banking group;
• Growing competition in the retail banking arena;
• Consolidation of previously separate banking services (e.g. retail banking & mortgages);
• The increasing convergence of banking and insurance, especially in the asset management and personal financial services areas.

These key challenges have already led several banks to turn to TASC for assistance in adapting their strategy, business model and organizational structure in the new market conditions. We have advised banks on a range of different issues including international expansion, e-bank strategy, post merger integration, branch network etc. TASC has also been advising the IFC on the introduction of secondary mortgage markets in different developing countries.