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PALESTINIAN BANK DEPOSITS

Palestinian deposits in banks operating in Palestine reached US$ 2.5 billion, representing 68% of the GDP in 1998. The banks were able to lend 833 million or 35% of the deposit to borrowers within the local market. The Banks invested around US$ 70 million directly in the local industry. Banks have shares in PalTel, Golden Flour Mills, Palestinian Industrial Investment Co., and others.